Senior Project Manager,
KfW Development Bank]8 March 2013 - Dr Jan Martin Witte, senior project manager at KfW Development Bank in Germany says the new GET FiT renewable energy funding mechanism was designed to help finance ready-to-build small scale renewable energy projects in Uganda. It was also intended to deal with the financial challenges, particularly the comparatively low REFiT tariff schedule and the recent liquidity crisis at the Uganda Electricity Transmission Company which has undermined investor confidence.
1 March 2013 - The National Energy Regulator of South Africa (Nersa) has awarded Eskom an average 8% annual tariff increase over the next five years. The utility had asked for 16% a year over the multi-year price determination (MYPD3) period between 2013 and 2018, commencing at the start of April 2013.
Eskom’s requested increase was widely criticised by both business and labour organisations. Numerous submissions at public hearings held across South Africa earlier in 2013 stressed that Eskom’s requested tariff increase level would be at the expensive of the country’s economy.
January 2013 saw the Netherlands introduce a €13.73 per tonne tax on coal in an aim to reduce coal consumption, raise revenue and target generators’ profits. The Spanish government has also proposed a 6% tax on all power generation to help pay for its “tariff deficit” – the subsidy that the government uses to keep regulated electricity prices below cost.
The Tarfaya plant has been contracted to supply electricity to the Moroccan state utility Office National de l’Electricité et de l’Eau Potable (ONE) under a 20 year power purchase agreement (PPA) on a build, own, operate and transfer (BOOT) basis. Full commissioning of the wind farm is anticipated at the end of 2014.
[img:Money.thumbnail.jpg| ]25 February 2013 - Kenya Power, the country’s sole electricity distributor, has proposed to Kenya’s Energy Regulatory Commission (ERC) that its electricity tariff be effectively tripled over the next three years for power supplied to the manufacturing sector, and increase by 150% for power supplied to residential sector customers, with the first increment to apply from March 2013. This proposal was made on the grounds that the existing tariffs are not sustainable in view of an ambitious capacity expansion and operating costs.