Mantashe announces 25 preferred bidders for the IPP project

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JOHANNESBURG - Minerals and Energy Minister Gwede Mantashe has announced 25 successful bidders for bid window five of the independent power producers ’s project.

On Thursday night, Mantashe gave an update of the new successful bidders - as government attempts to add more capacity to the grid.The department will now pursue financial close within the next six months, which is a key milestone for the signing of the agreements. Congratulations to all the successful bidders that participated in this bid.”

“The immediate solution to our electricity challenges lies in getting the existing plants to perform predictably. Bid window five aimed to procure a total of 2,600 MW, which includes 1,600 MW from onshore wind and 1,000 MW from Solar PV plants. The programme attracted a total of 102 bids with capacity totalling 9,644 MW.”Seven of the bidders are from the Free State while one is from KwaZulu-Natal.

 

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