Bloomberg News

South Africa to Open Third Round of Renewables Bids in September

August 16, 2012

South Africa plans to open bidding for a third round of renewable-energy projects next month, Energy Department Director-General Nelisiwe Magubane said.

The government is confident that bidders were successful in the first round, which comprises 28 projects costing 46 billion rand and was announced in December, will reach financial close by the end of August, she told reporters today in Johannesburg. The deadline for financing was June 30.

“Banks have been queueing to fund the program,” Magubane said. “The bidders are not struggling with funding, the delays have been on the government’s side.”

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at sikonathim@bloomberg.net

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net


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