There is no doubting the success of the country’s first bold steps towards encouraging private sector participation in energy investment. As South Africa’s Energy Minister announced at the recent Energy Indaba 2012 in Johannesburg, international investment worth about R50 billion has already been pledged for the Renewable Energy Independent Power Producers Bidding Programme.
What’s more, three more bidding windows are still on the horizon. Considering the eagerness with which investors participated in windows 1 and 2 of this programme, there is every reason for optimism about the next three phases, due to proceed later in 2012.
Investors, advisors, sponsors and environmental specialists, among others, have flocked to take part in the Bidding Programme. This is a clear reflection of the Department of Energy’s capable handling of an extremely intricate bidding process.
