Macro detail of some cables.
The Department of Energy has adjusted its expectations of the risk mitigation independent power producer procurement programme (RMIPPPP) after a risk assessment indicated that only 800 MW of the 2 000 MW are likely to make financial close.
The RMIPPPP, released to the market in August 2020, was intended as an “emergency round” with the intention of choosing projects that can start generating electricity as soon as possible. But the specific requirements of the tender, which is that bidders have both generation and storage capacity, as well as legal and environmental challenges to the Karpowership SA bid, have slowed and delayed it.
In his State of the Nation Address last week, President Cyril Ramaphosa said that 800 MW of the total bid would go ahead, but did not specify which projects. This led many to conclude that government had given up hope up that the Karpowership bid, which made up 1 200 MW, would reach financial close.
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