Economics
South Africa Sees No Hurry for New Coal and Gas Projects
- Integrated Resource Plan needs update first, minister says
- Minister seeks ‘middle ground’ on renewable energy projects
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South African programs to add coal and gas power generation from independent providers should wait until policies are updated and the nation’s future needs are clearer, said Energy Minister Mmamaloko Kubayi.
The government is also seeking a “middle ground” with developers in a program to add renewable-energy projects, she said in a phone interview Tuesday. Kubayi announced earlier this month that the long-delayed contracts must be signed by the end of October, but not before pricing was renegotiated to make the deals more attractive to state-owned power utility Eskom Holdings SOC Ltd.