2 November 2012 – The first round of South Africa’s renewable energy independent power producer programme projects (REIPPP), which will see 1,400 MW of new capacity to be built,has achieved closure.

These projects amount to R47billion of investment in South Africa’s power generation sector. The signing of the agreements with the preferred bidders will take place on the 5th and 6th of November 2012. South Africa’s department of energy will be signing the Implementation Agreement and the Direct Agreement with each preferred bidder, whilst Eskom will be signing the Power Purchase Agreement. Bidders will be given some time to finalise other outstanding contracts with the lenders, contractors or with any other participant significant for financial close.