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International Restructuring Newswire
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Energy Newsflash
Global | Publication | August 1, 2016
Norton Rose Fulbright endorses the statement made by Minister of Energy Joemat-Pettersson on the 29 July 2016 committing the government to continue with the renewables programme in South Africa. We are market leaders in the South African government’s Renewable Energy Independent Power Producer Procurement Programme (SA REIPPPP). Over the four Bid submission rounds and the expedited round of the SA REIPPPP, of the 92 projects selected as preferred bidders to date, we have advised on more than half of the projects on a mix of developer, lender and contractor mandates. We applaud the Minister for clarifying the government’s position, approach and commitment to the SA REIPPPP alongside confirming the government imperative to diversify South Africa’s energy mix.
The Minister’s statement comes after an Eskom chairperson indicated that the utility may be unwilling to sign further PPAs beyond the preferred projects selected under bid widow 4.5 of the SA REIPPPP.
Welcome quotes from the Minister include the following:
“Renewable energy has a key and lasting role to play in SA’s future. Our renewable energy sector has been built up in the past four years and has contributed significantly to the growth of our economy. We expect this sector to continue to grow in the years ahead. “
“The imperative to diversify our energy mix to one that includes new generation capacity including independent power producers (IPPs), is based on our commitment to meet the needs of current and future electricity customers. Our Renewable Energy Independent Power Producer Procurement Programme has become one of the world’s most progressive and successful alternative energy programmes.” “We have started down an irreversible path with the success of our IPP and renewable energy programme, and firmly believe that together with all our partners in the government we can continue to work to create a better life for all through the provision of sustainable energy.”
The commissioned IPP projects have collectively achieved the following
The Minister also noted that the Department will shortly be making announcements regarding the adjudication of the coal-based IPP programme, as well as the expedited renewable energy IPP programme bid window.
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Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
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n a long-running dispute, taking in no less than three arbitrations spanning 26 years cumulatively (involving allegations of state interference in the arbitral process), the Court has provided useful guidance on the ss.67 and 68 challenges, particularly in the context of investor-state claims.
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Our Asia Competition Law facts sheets provide insights into the main competition law regimes across Asia, reflecting the experience and reach of our Asia competition team in an ever changing and increasingly complex competition law environment.
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