<\/p>\n
A South African government delegation received \u201cfirm commitments\u201d from Chinese companies to help realise more than 100 gigawatts of new power capacity over the next decade, the nation\u2019s electricity minister said.<\/p>\n
Officials from state power utility Eskom, the Industrial Development Corp and the Development Bank of Southern Africa met representatives from \u201ca mix of state-owned companies and the private sector\u201d on their trip to Beijing, Electricity and Energy Minister Kgosientsho Ramokgopa said an interview with Bloomberg Television on Tuesday.<\/p>\n
Read:
Ramaphosa endorses stronger municipal electricity licence enforcement<\/p>\n
\u201cThere have been firm commitments just setting up industries, transformer capacity and the manufacturing of wires, pylons, inverters and smart meters,\u201d he said from the Chinese capital. \u201cA few of them are expanding their already existing footprint.\u201d<\/p>\n
ADVERTISEMENT<\/p>\n
CONTINUE READING BELOW<\/p>\n
Africa\u2019s biggest economy is expanding its electricity infrastructure, as coal-fired power plants are gradually retired, and increasing its use of renewable energy. As part of the overhaul, Eskom is being split into separate generation, transmission and distribution businesses, while an independent system operator is planned to manage the grid, electricity trading and access for private power producers.<\/p>\n
Read:
Ramaphosa backs Eskom restructuring plan for competitive power market<\/p>\n
South African President Cyril Ramaphosa backed the latest draft of that plan last week.<\/p>\n
Various government programs are under way to attract private sector investment.<\/p>\n
\u201cWe\u2019ve already packaged the projects, including rolling out the 14 500 kilometres (9 000 miles) transmission expansion and modernisation,\u201d Ramokgopa said, adding that the opportunity can serve as a foothold for companies looking to expand into Africa. \u201cSouth Africa is a place to start, so we are aggregating all of these actors and from there they can spread into the continent.\u201d<\/p>\n
ADVERTISEMENT:<\/p>\n
CONTINUE READING BELOW<\/p>\n
Read:
Operation Vulindlela: SA \u2018will hit 3%\u2019 growth by 2029 if reforms continue<\/p>\n
Europe, which already participates in South Africa\u2019s energy industry, will be the next region of focus to draw investment, according to the minister.<\/p>\n
\u201cThose conversations have already started,\u201d he said.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#South #Africa #wins #Chinese #backing #powerexpansion #plans<\/p>\n","protected":false},"excerpt":{"rendered":"
A South African government delegation received \u201cfirm commitments\u201d from Chinese companies to help realise more…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[2364,5448,794,2754,18684,322,894],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/12806"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12806"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/12806\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}