Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

South Africa Extends Power Funding Deadline on Logistics

South Africa extended the June 30 deadline by which wind and solar power-plant developers have to conclude funding arrangements by two weeks.

“It’s mainly because of some logistical issues on the government side,” Ompi Aphane, a deputy director general in the Department of Energy, said by mobile phone from Pretoria today. “One of those would be the regulatory approvals.”

An example is state-owned power utility Eskom Holdings SOC Ltd., which has to sign contracts to purchase the power generated by the renewable-energy plants, according to Aphane.

South Africa is expanding its power-generation capacity after Eskom, which generates most of its power from coal, suffered shortages in 2008, temporarily shutting gold, platinum and other mines.

The Department of Energy approved 28 renewable-energy projects, mainly wind and solar plants, in a first bidding window last year and 19 in a second this year. The deadline for financial closure for the first-window bidders was June 30.

The department has yet to finalize the date on which it will open a third bidding round for renewable-power projects, Aphane said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.