South Africa`s IRP2010 disappoints CIC Energy
source: Sunday Standard
by KABO MOKGOABONE
The much anticipated blue print that will give Mmamabula and other Independent Power Producers the green light has come as a disappointment to CIC Energy as it may delay the project further.
South Africa’s Department of Energy last week released the executive summary of the draft integrated resources plan (IRP2010) for public comment.
“CIC Energy is disappointed by the first draft of the IRP2010 as it is not a realistic solution to the electricity crisis in South Africa,” Erica Belling, the company spokesperson said.
Mmamabula is an export oriented project that was to fill South Africa’s power shortfall, but the publication of the draft means Africa’s largest economy may require CIC electricity at a later time.
The realisation of the project is dependent on Eskom or South Africa signing the Power Purchase Agreement (PPA) that will allow CIC to link its grid to [continue reading]