Eskom has signed contract deals with four Independent Power Producers; HDF Energy South Africa Red Rocket SA, Sola Group, and Mainstream Renewable Power Developments South Africa.
File image of a sign outside Eskom Megawatt Park.
Eskom CEO, Andre de Ruyter says the deal signed on Friday will not eat into the pockets of South Africans. And, it is estimated that the first power generation will be in the next 24-36 months, subject to environmental, land zoning, and other regulatory approvals.
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