In an interview with Fin24, acting Eskom CEO Matshela Koko indicated that, following consultations with the National Treasury and the Department of Energy, Eskom and the Department of Public Enterprises were preparing to present a solution to facilitate the signing of outstanding power purchase agreements (PPAs).
However, Koko also indicated that Eskom might only consider immediately signing contracts with 13 preferred projects selected on with tariff offers of 62c/kWh of less.
“Let us first sign the 62c/kWh bids,” he told Fin24. “We would sign 13 immediately. That would be a move in the right direction. Those that are more than 62c/kWh must sharpen their pencils.”