Thread by @SAgovnews

Minister of Mineral Resources and Energy, Gwede Mantashe is currently briefing members of the media on the latest developments in the #Energy Sector.

Minister of Mineral Resources and Energy, Gwede Mantashe: The evaluation process for the risk mitigation IPP procurement programme has resulted in the selection of 8 preferred bids totaling 1 845 Megawatts and a further 3 eligible bids totalling 150 megawatts #energy

Minister of Mineral Resources and Energy Gwede Mantashe: it is important to note that these 3 bidders are within the 2000 megawatts ... but their announcement can only be made following the satisfactory for money evaluation #energy

Minister of Mineral Resources and Energy Gwede Mantashe: It gives me a great pleasure to announce the following preferred bidders: ACWA Power Project DAO; Karpowership SA Coega; Karpowership SA Richards Bay; Karpowership SA Saldanha; Mulilo Total Coega;... #energy

Minister of Mineral Resources and Energy Gwede Mantashe names preferred bidders: Mulilo Total Hydra Storage; Oya Energy Hybrid Facility & Umoyilanga Energy #energy

Minister Mantashe: The solutions provided by these preferred bidders are from a combination of a range of technologies that include, Solar PV, Wind, Liquified natural gas & battery storage. The prices for the proposed solutions range from R1468 per MWh to R1 885 per MWh #energy

Minister Mantashe: The weighted average price is R1 575 per MWh. These 8 projects will inject a total private sector investment amount of R45 billion to the South African economy, with an average local content of 50% during the construction period. #energy

Minister Mantashe: South African entity participation from these projects is 51% with black ownership at 41%. About 3800 job opportunities will be created during the 18 months construction period and a further 13 500 during the 20-year Power Purchase Agreement (PPA) term. #energy

Minister Mantashe: The Preferred Bidders are required to reach Financial Close by no later than the end of July 2021. Due to the urgency to bring power online, this date is not negotiable. It is for the Preferred Bidders to manage all the risks to reach financial close. #energy

Minister Mantashe: We intend to release four more Requests for Proposals within the next 12 months. These will include:
• 2 600MW from renewable energy,
• 3 000MW from gas,
• 1 500MW from coal, and
• 513MW from battery storage. #energy

Minister Mantashe: The first bidding round in response to the Section 34 Determination. The Request for Proposal (RFP) for the procurement of 2600 megawatts under the Renewable Energy IPP Procurement Programme Bid Window 5 will be released to the market at Midnight today. #energy

Minister Mantashe: The energy generation landscape in SA is evolving. Concerted effort to ensure that the IPP Procurement Programmes steam ahead to deliver secure energy supply from a diverse range of energy sources, in line with the IRP 2019, is at the core of our work. #energy

Full details on the media briefing on the latest developments in the #Energy Sector by Minister of Mineral Resources and Energy Gwede Mantashe will be available on sanews.gov.za