- The Passenger Rail Agency of South Africa (PRASA) has issued an expression of interest for engineering, procurement, and construction of renewables solar photovoltaic plants at identified PRASA sites on a build, operate and transfer model.
PRASA through its Property Division, PRASA Corporate Real Estate Solutions (“PRASA CRES”) is embarking on an Expression of Interest (“EOI”) process to assess private sector participants with an appetite for the commercialisation of Solar plants at various PRASA sites nationally.
As part of PRASA’s secondary mandate strategy, PRASA CRES strives to optimize and commercialise PRASA’s property portfolio through the Energy and Utilities department, by introducing measures to reduce electricity cost and business interruptions.
This initiative aims to make available PRASA property for design and construction of Renewable Solar Energy opportunities including possible generation of revenue by selling excess energy back to the Eskom Grid and unlock income prospects of selling to other 3rd party organisations (%revenue share) and to bridge the gap between the government subsidy and the ever-growing operational deficit. Utilising the Build, Operate and Transfer (“BOT”) model, the division will make available to the market the ever busy and well-located properties as listed below at the minimum MWp.
PRASA introduced a solar plant program that will assist and provide renewable Solar energy to PRASA properties. This initiative program is aimed at reducing the electricity bill and to assist the supply Authority by reducing National electricity demand from Grid. The solar plant project shall keep the business operating and maximize business operations.
Download the tender document here: PRASA EOI – Document – 29 Nov 2024
Good luck!
Bryan Groenendaal
