Eskom on Friday signed lease agreements with private power producers for the construction of renewable energy plants on its land in Mpumalanga.
signed lease agreements with investors behind private power producers for the construction of renewable energy plants on the state-owned utility’s land in Mpumalanga.
This is the first batch of such agreements to be signed and consists of land parcels around the Majuba and Tutuka power stations, it said.The new facilities will be connected to the grid within two to three years of their financial close, with the projects still subject to environmental, land zoning and other regulatory approvals.
“Investor appetite for land with grid connection was demonstrated by the fact that the bids were three times oversubscribed, offering a good indication that further land parcels will receive favourable consideration,” Eskom said in a statement. The first batch of successful bidders will now conduct “comprehensive feasibility studies to determine which technologies they will be implementing at each site — wind, solar and battery storage”.
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