DMRE should stop allowing fossil fuel interests to derail its legal obligations to ensure reliable, continuous electricity
A year ago, Karpowership was named one of the preferred bidders in the department of mineral resources & energy’swhich aims to plug SA’s 2,000MW to 3,000MW short-term energy supply gap.
Even if Karpowership manages to somehow secure environmental approvals, its power purchase agreements do not make economic sense, meaning it would struggle to comply with the Electricity Regulation Act . And even after SA closes its energy supply gap — this should be done in less than five years — the power purchase agreement obliges at least 50% of Karpowership’s capacity to be bought at exorbitant prices for the rest of the 20-year contract. And R1.50/kWh is substantially higher than an average energy mix price for additional firm power — a system that solves for the variability of renewable energy — of about R1/KWh.
Independent and transparent energy system modelling indicates that connecting about 30GW of wind and photovoltaic power to the system by 2030 is the fastest and cheapest way to solve the supply problem, both in the short term and as Eskom’s coal power stations reach the end of their lives.
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