- South Africaโs Integrate Resource Plan (IRP) is expected to be approved by cabinet in the coming week.
- The IRP has not been updated since the IRP2010.
- The Integrated Resource Plan is vital for the country as it provides policy certainty on the countryโs future energy generation and the technology to be deployed.
- It also reveals a direction and purpose on which local and foreign energy sector investors react.
The IRP has not been updated since the IRP2010 which was officially approved as the countryโs generation roadmap in early 2011. The ongoing delays have raises questions on the capacity and quality of leadership in the countryโs public energy sector value chain.
South Africaโs newly appointed Mineral Resources and Energy Minister, Gwede Mantashe announced this week that he was confident the new IRP will be gazetted in the coming week. He was speaking at the Africa Oil & Power event in Cape Town. Mantashe is the fifth energy minister assigned to the portfolio in the last three years.ย Read more
โBy Wednesday [next week], I am very hopeful that the IRP would be concluded, and we will gazetteย it,โ he said. Adding that, โthe plan will lay the foundation for investment in power generation. Such an investment should have the impact of lowering the cost of doing business in our country.โ
Minister Mantashe highlighted the potential investment that could come as a result of a finalised IRP, which represents a key component of South Africaโs energy strategy. With this, he invited investors to enter the South African market.
โCome to the fore, we are ready for you. Talk to us,โ he said.
Since the release of the latest Draft IRP 2018 in August 2018, the countries state owned power utility, Eskom, has seen its financial woes go from bad to worse. Under debt of around R450billion, the utility poses a real threat of collapsing the countryโs entire economy. Read more
Author: Bryan Groenendaal
Seraphim Solar has a solar panel factory in South Africa servicing the African continent. Read moreย
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