Johnathan Paoli
Electricity Minister Kgosientsho Ramokgopa says the government’s financial structure to facilitate private investment into the country’s transmission infrastructure is being consolidated under his Ministry, including the work being done by the National Treasury and the International Finance Corporation (IFC).
Ramokgopa said at a briefing on the implementation of the Energy Action Plan on Monday that over the last year, the country had endured 1 200 hours of load shedding, compared with 1 800 over the previous period.
He said that his Ministry had been working with the National Treasury, the IFC and others on what he termed an “EPC plus F” concept, involving the engineering, procurement, construction plus financing of new transmission infrastructure.
Ramokgopa said that Eskom had been able to produce 3,510 megawatts over the past year and highlighted that one of the key pillars of addressing South Africa’s energy crisis has been to focus on investing
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