Hope for Mmamabula as SA commits to IPPs

According to a report in Miningmx, Minister Barbara Hogan says she is concerned by delays in signing Power Purchase Agreement(PPAs) with IPPs and that she will seek an audience with the ministry responsible for energy matters.

Promoters of MEP, CIC Energy and other IPPs like BSE-listed Aviva, have been trying to pin Eskom down on PPAs for over a year, but the South African utility has placed all such agreements on ice pending finalisation of a funding plan which hinges materially on an application for tariff increases of 45 percent a year for three years.