Cape Town — Minister of Electricity Kgosientsho Ramokgopa has revealed details of the ‘Resource Plan’ in place to help fix the country’s energy crisis.
Ramokgopa was speaking during the launch of the Resource Mobilisation Fund (RMF) on Thursday afternoon.
The RMF is a collaborative effort between government and Business Unity South Africa (BUSA) to provide resources and expertise that will assist government to fully implement the Energy Action Plan.
“The RMF will provide crucial expertise and resources to turbocharge the work of NECOM [National Energy Crisis Committee] and ensure that we put the best minds in our country and indeed across the world to work on this problem,” he said.
This afternoon, I joined the launch of the resource mobilisation fund (RMF), a fund established to help with the acceleration of the implementation of the Energy Action Plan. #Electricity pic.twitter.com/cxkopR8L9h
— Dr Kgosientsho Ramokgopa (@Kgosientsho_R) March 9, 2023
Ramokgopa also highlighted the work done by the government to tackle SA’s electricity woes.
Work being done:
- Eskom is implementing a detailed Generation Recovery Plan to improve its performance, focusing on six power stations that contribute the most to load shedding.
- The licensing threshold for embedded generation projects has been removed which has opened the way for private investment in electricity generation.
- A new determination for close to 15000 MW of new generation capacity from wind, solar, and battery storage has been published and project agreements for 2800 MW from bid windows 5 and 6 have been signed.
- A Request For Proposals for 513 MW of battery storage has been released which will be followed shortly by the release of Bid Window 7.
- The Minister of Finance has announced significant debt relief for Eskom totalling R254 billion, as well as a substantial fiscal support package, which includes tax incentives for businesses and households to invest in rooftop solar.
- Red tape has been cut and the regulatory requirements for energy projects has been streamlined to reduce the time that it takes for new generation capacity to the grid.
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Compiled by Junaid Benjamin