MINERAL Resources and Energy Minister Gwede Mantashe confirmed on Tuesday that not all of the 11 Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) preferred bidders would be in a position to conclude power purchase agreements (PPAs) at the end of March, the deadline for the projects to reach financial close.
During a Parliamentary debate on President Cyril Ramaphosa’s recent State of the Nation Address (SoNA), Mantashe said steps were being taken to address a current supply shortfall that the President estimated to be 4 000 MW, but which several commentators believe to be closer to 6 000 MW.
He said PPAs would be signed next month with RMIPPPP preferred bidders, which were selected as part of an emergency, albeit much delayed, procurement round for 2 000 MW.
The projects were selected in March last year and the initial financial close deadline of July was extended initially to the end of September, then to January this
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