South Africa: REIPP3 financial close put back
Issue 282
- 25 Jul 2014
| 4 minute read
The deadline for financial close for projects in the third round of the Renewable Energy Independent Power Producer Procurement (REIPPP) programme has been put back to November from July. “Guided by factors such as the volatility of the rand, and in consultation with National Treasury and the Reserve Bank, we have opted to shift the date for financial close to November 2014. This will also allow Eskom to prepare adequately for the connection of these providers to the grid as planned,” energy minister Tina Joemat-Pettersson said while delivering the energy budget to parliament on 21 July.
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