Government has announced eight preferred bidders for the independent power producer programme. Mineral Resources and Energy Minister, Gwede Mantashe made the announcement at a media briefing on Thursday.
This will pave the way for 2,000 megawatts of emergency power to meet the short-term electricity supply gap. Mantashe says there is a great representation of black-owned companies.
“During the construction period, the South Africa entity participation from these projects is 51-percent, with Black ownership of 41-percent,” says Mantashe.
This is important because when we release these bids, there’s going to be big noise that we are, again, favouring white monopoly capital,” he added.
Govt has announced 8 preferred bidders for the independent power producer programme. Mineral Resources and Energy Minister, Gwede Mantashe made the announcement at a media briefing. #DStv403 #eNCA pic.twitter.com/NXZ6JnL9z2
— eNCA (@eNCA) March 18, 2021
Mantashe says over 3,800 jobs will be created during the 18-months construction period.
The minister says the first power to be connected from these projects should be connected from August 2022.
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Source: eNCA
