Department of Mineral Resources must not scare investors for renewable energy bid away
24 August 2020
The Democratic Alliance (DA) calls on the Minister of Mineral Resources and Energy, Gwede Mantashe, to reconsider the stringent conditions attached to his Department’s statement calling for requests for proposal (RFP) for emergency energy procurement from interested parties.
While the DA welcomes the initiative from the Department of Mineral Resources and Energy that endeavours to have 2 000MW additional power from independent power producers by June 2022, the onerous conditions of the RFP might scare potential investors away.
The conditions include:
Ownership and localisation must reflect Broad Based Black Economic Empowerment (BBBEE) requirements; and