Pipelines, Storage & Power

IRP confusion gives South African investors pause for thought

A presidential adviser has indicated South Africa’s energy strategy document could be released soon, but the industry remains sceptical A presidential adviser has indicated South Africa’s energy strategy document could be released soon, but the industry remains sceptical.
By Leigh Elston 22 February 2018 0 29697
South African president Cyril Ramaphosa. New South African President Cyril Ramaphosa. (GCIS/Flickr)

Potential investors in South Africa’s gas-fired power tender are growing weary of the chaos surrounding the government’s energy strategy. And more flexible rules around local currency indexation in neighbouring countries mean investors are beginning to look elsewhere.

“In South Africa we’ve returned to an inability to make decisions,” Louis van Pletsen, a partner in Quantum Power – which has 11 power projects across 11 African countries – told Interfax Natural Gas Daily on the sidelines of the Africa Energy Indaba conference in Johannesburg on...