Electricity Minister to co-host South African Transmission Financing Seminar

Minister in The Presidency for Electricity, Dr Kgosientsho Ramokgopa, is expected to co-host a Transmission Financing Seminar with the Johannesburg Stock Exchange (JSE) on Thursday.

The Minister will deliver a keynote address at the seminar.

According to a statement, the seminar is aimed at galvanising “discussions on the financing of South Africa’s Transmission Development Plan, which seeks to expand, support and secure the sustainability of South Africa’s energy mix and electricity supply”.

“The development and expansion of South Africa’s electricity transmission infrastructure is a critical cog to enabling diverse energy solutions, which are geographically located in various parts of the country, to contribute to the country’s electricity grid.

“This will significantly strengthen and increase South Africa’s electricity supply and capacitate the energy sector in meeting global decarbonisation targets and ensuring South Africa’s long-term energy security and energy sovereignty,” the statement read.

Various industry stakeholders are expected to attend the seminar.

“The seminar will bring together government, energy industry veterans and potential private sector investors to engage in a critical conversation on South Africa’s transmission infrastructure requirements for long-term energy security; explore alternative funding mechanisms for maintaining, modernising and expanding the national grid and an exchange on international experience of countries that have had similar challenges and what models were pursued to overcome these challenges,” the statement read. – SAnews.gov.za