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You are here: Home / News / Investment in transmission critical

Investment in transmission critical

23 January 2024 by Guest

Investment in transmission critical

Minister in the Presidency for Electricity, Dr Kgosientsho Ramokgopa, says on boarding new generating capacity – particularly renewable energy – is critical to ensuring that additional capacity is added to the national grid.

He was speaking during an update on the implementation of the Energy Action Plan on Tuesday.

The expansion is critical to on boarding new generating capacity  – particularly renewable energy – onto the national grid to relieve pressure on the electricity system.

Ramokgopa explained that “tremendous progress” is being done to ensure that solutions are found for transmission.

“As the President said last week, the Minister in the Presidency responsible for Electricity is now given the responsibility to ensure that we are able to go into the market to procure or to access the financing in relation to the transmission side.

“We have been doing an extraordinary amount of work. The team was [at the World Economic Forum annual meeting] in Davos. Part of those conversations was to enter into bilateral discussions with some of the potential financiers. 

“We have…financing. That is private sector willing to come into the space of transmission. We had conversations…with the heads of missions that are represented here in the country and they did confirm that availability of that financing,” he said.

Ramokgopa assured that although private sector participation is being encouraged in the transmission space, the South African government will remain the owner of the grid through the Eskom owned and newly established National Transmission Company of South Africa.

“What we have been doing is to find an architecture and legal configuration on how best we are going to access [funding] and one of the areas that is receiving attention is the possibility of us putting together…something that is akin to the IPP [Independent Power Producer Procurement] office on the generation side…an Independent Transmission Project office.

“[This is] to ensure that we are able to procure with speed, agility, applying some degree of innovation and ensure that we are able to access that liquidity that’s sitting with the private sector without relinquishing state ownership of the grid,” he said.

The minister acknowledged that transmission expansion is facing challenges. However, he emphasised that government is tackling these challenges.

“The challenges on the transmission side are almost equivalent to the ones on the generation side and in fact, if they are not tackled immediately they are likely to be even more catastrophic compared to the challenges on the generation side because those are likely to undermine our ability to maintain the integrity of the system.

“We are not waiting for the crisis to confront us. We are going to address that situation immediately. This is in support of Eskom’s work…consistent with their transmission development plan which advocates for the expansion of the network,” he said. – SAnews.gov.za

NeoB
Tue, 01/23/2024 – 14:41

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Minister in the Presidency for Electricity, Dr Kgosientsho Ramokgopa, says on boarding recent generating capacity – particularly renewable energy – is critical to ensuring that additional capacity is added to the national grid.

He was speaking during an update on the implementation of the Energy Action Position on Tuesday.

The expansion is critical to on boarding novel generating capacity  – particularly renewable energy – onto the national grid to relieve pressure on the electricity system.

Ramokgopa explained that “tremendous progress” is being done to ensure that solutions are found for transmission.

“As the President said last week, the Minister in the Presidency responsible for Electricity is now given the responsibility to ensure that we are able to depart into the market to procure or to access the financing in relation to the transmission side.

“We acquire been doing an extraordinary amount of work. The team was [at the World Economic Forum annual meeting] in Davos. Fraction of those conversations was to enter into bilateral discussions with some of the potential financiers. 

“We believe…financing. That is private sector willing to arrive into the space of transmission. We had conversations…with the heads of missions that are represented here in the country and they did confirm that availability of that financing,” he said.

Ramokgopa assured that although private sector participation is being encouraged in the transmission space, the South African government will remain the owner of the grid through the Eskom owned and newly established National Transmission Company of South Africa.

“What we maintain been doing is to find an architecture and legal configuration on how best we are going to access [funding] and one of the areas that is receiving attention is the possibility of us putting together…something that is akin to the IPP [Independent Power Producer Procurement] office on the generation side…an Independent Transmission Project office.

“[This is] to ensure that we are able to procure with speed, agility, applying some degree of innovation and ensure that we are able to access that liquidity that’s sitting with the private sector without relinquishing state ownership of the grid,” he said.

The minister acknowledged that transmission expansion is facing challenges. However, he emphasised that government is tackling these challenges.

“The challenges on the transmission side are almost equivalent to the ones on the generation side and in fact, if they are not tackled immediately they are likely to be even more catastrophic compared to the challenges on the generation side because those are likely to undermine our ability to maintain the integrity of the system.

“We are not waiting for the crisis to confront us. We are going to address that situation immediately. This is in support of Eskom’s work…consistent with their transmission development region which advocates for the expansion of the network,” he said. – SAnews.gov.za

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Category: NewsTag: 2024, Africa, African, Architecture, critical, Energy, Eskom, Government, new, office, ONE, Renewable, SA News, solutions, South Africa

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Comments

  1. Killer Merlot

    19 September 2026 at 10:15 pm

    Some lions just escaped a nature reserve in South Africa

    They were rejected from their group.

    They could maybe ask to be let in the group again

    But their pride wouldn\’t let them.

  2. Moon Peaches

    12 September 2026 at 10:20 am

    A baby was born in South Africa. The village was very poor, and the makeshift hospital didn\’t have some necessary equipment.. such as scales.

    The father however, was desperate to know the newborn baby\’s weight. After quite a bit of asking around, the hospital\’s chairman came up with an idea.

    \”Five miles west, there\’s a butcher shop. The owner deals with meat, he should have a rather precise scale. You could just put your baby on the meat scale, and the weight reading you\’ll get should be pretty accurate.\”

    And so the father departed westward. After much walking, with his newborn child cardled safely in his arms, he finally arrived at the butcher shop. He explained his dilemma to the shop owner, to witch the latter replied:

    \”Don\’t worry, friend. It\’s not even a problem, I\’ll check it for you, free of charge.\” And so he took the child to the back, where the scale was located.

    The father heard rumbling noises, and some scraping.. About a minute later the butcher came back.

    \”About three pounds boneless\” He said.

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