Private sector investment in power generation promoted

Commissioned by the Department of Energy Affairs under the Ministry of Minerals, Energy and Water Resources (MMEWR), the company started this project at the end of June and is expected to complete it before the end of December this year.

At a first stakeholders consultation workshop on REFIT last Thursday, Camco's South Africa Managing Director Jonathan Curren said in addition to improving the nation's energy security, renewable energy sources would also help in mitigation of climate change. He said the initiative would also bring on board the private sector by way of opening new market opportunities as well as increasing interest from investors. He, however, highlighted the need for the initiative to be aligned with the nation's development objective. " It must not result in negative socio-economic impacts," he said.