Investors scramble for solar generation licences
Friday, June 26, 2020
The authority recently issued 827 megawatts in licences for two coal-fired projects and the country’s first coal bed methane venture.
The 15-year licences allow the companies involved to generate and sell electricity and represent the first commercial Independent Power Projects (IPP) in the country’s history.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...