• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Business

Govt to work with IPPs on renewable energy projects

8 March 2018, 8:21 PM  |
Abongile Dumako Abongile Dumako |  @SABCNews
Minister of Energy Jeff Radebe  says energy investment will be a major boost to the country's economy.

Minister of Energy Jeff Radebe says energy investment will be a major boost to the country's economy.

Minister of Energy Jeff Radebe says energy investment will be a major boost to the country's economy.

Government will join hands with 27 Independent Power Producers (IPPs) for a R56 billion investment in renewable energy projects next week.

The partnership with the IPPs will include Eskom as a state entity and the Development Bank of Southern Africa.

Most of the projects are expected to be solar power plants.  Newly appointed Minister of Energy Jeff Radebe has told journalists in Cape Town that the energy investment will be a major boost to the country’s economy over the next two to three years.

“Ladies and gentlemen, we have reached this milestone following a long period of uncertainty. However with this signing next week we are reconfirming government’s full commitment not only to renewable energy but also our solid partnership with the private sector to pursue our objectives energy transition into the future. As you have seen over the past few years, a partnership with the private sector led by the civil society where we support each in our different roles is crucial great benefit to our country and our economy,” Minister of Energy, Jeff Radebe said.

The projects will create 61 600 new jobs, the first of which will become available from July this year.

Share article
Tags: EnergyEconomyIPPWestern CapeParliament
Previous Post

Catholic women urge pope to tear down Church’s “walls of misogyny”

Next Post

N West Scopa plans to lay fraud charges against Public Works Head

Related Posts

FILE PHOTO: Representations of Bitcoin and other cryptocurrencies on a screen showing binary codes are seen through a magnifying glass in this illustration picture taken September 27, 2021. REUTERS/Florence Lo/Illustration/File Photo

Asia stocks hold up, China gives up some gains after weak trade data

7 June 2023, 6:42 AM
Post Office at a mall

Best option for Post Office is to be put under business rescue: Gungubele

6 June 2023, 4:40 PM
A person works at ''The Faktory", a fashion design and clothing manufacturing company in Johannesburg, South Africa, March 4, 2021.

SA economic growth at 0.4% for first quarter of 2023: Stats SA

6 June 2023, 2:22 PM

Western Cape launches booster fund to increase exports

6 June 2023, 12:44 PM
Karadeniz Powership Orhan Bey, an electricity-generating ship from Turkey, docked at the port of Jiyeh, south of Beirut, Lebanon August 10, 2017.

Karpowership contracts will be reduced from initial 20-year term: Ramokgopa

6 June 2023, 10:17 AM
Prasa Board Chairperson, Leonard Ramatlakane during an oversight visit at the reopened Naledi to Johannesburg train route on December 15, 2022.

Leonard Ramatlakane fired as Prasa’s board Chair

6 June 2023, 10:02 AM
Next Post
North West offices were raided on Thursday morning.

N West Scopa plans to lay fraud charges against Public Works Head

Most Viewed

  • 24hrs
  • Week
  • Month
  • Eastern Cape ActionSA raises eyebrows over qualifications of senior officials
  • Unisa suspends registrar for various breaches of policy
  • Slain teen Palesa Malatji’s family calls for death sentence to be reinstated
  • Orlando Pirates player Thembinkosi Lorch found guilty of assault
  • Limpopo district embroiled in fraudulent travel claims
  • Dr Nandipha’s looks during court appearances under the spotlight
  • Deadline for Zimbabwean Exemption Permits draws near
  • Reserve Bank expected to increase repo rate on Thursday
  • Zimbabwe receives 18 helicopters from Russian Federation
  • Eastern Cape ActionSA raises eyebrows over qualifications of senior officials
  • Orlando Pirates player Thembinkosi Lorch found guilty of assault
  • Construction of softball stadium halted in Limpopo
  • Limpopo ANC PEC orders municipalities to recover lost public funds in VBS scandal
  • Zwane expected to remain Chiefs coach despite dismal season
  • Hawks arrest seven suspects for alleged Raisethorpe boy kidnapping

LATEST

The inaugural LIV Golf Invitational - Centurion Club, Hemel Hempstead, St Albans, Britain - June 10, 2022 England's Sam Horsfield of the Majesticks team in action during the second round REUTERS
  • Sport
  • Golf

PGA Tour reaches surprise merger deal with Saudis, LIV Golf


FILE PHOTO: Representations of Bitcoin and other cryptocurrencies on a screen showing binary codes are seen through a magnifying glass in this illustration picture taken September 27, 2021. REUTERS/Florence Lo/Illustration/File Photo
  • Business

Asia stocks hold up, China gives up some gains after weak trade data


FILE PHOTO: Houses are seen in the Debussy neighbourhood
  • World

Fatal quake hits Haiti as it reels from floods


[File image] Police tape marks off a crime scene.
  • South Africa

Female student stabbed to death at NMU residence


  • Africa

Kenya economic growth to edge up this year, World Bank says


A satellite image shows Nova Khakovka Dam in Kherson region, Ukraine June 5, 2023.
  • World

Ukraine dam explosion in the spotlight at UN Security Council session


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous Catholic women urge pope to tear down Church’s “walls of misogyny”
Next N West Scopa plans to lay fraud charges against Public Works Head