Allen & Overy partner Jason van der Poel The new bid documentation being prepared by the Department of Energy (DoE) for future independent power producer (IPP) procurement rounds will have to strike a delicate balance between sustaining investor interest and responding to society’s demand for increased socioeconomic benefits.
In fact, Allen & Overy partner Jason van der Poel, who advised government when South Africa initiated its IPP bidding programmes in 2011 and who currently advises developers and lenders, believes the DoE should take care not to “entirely reinvent the wheel” when introducing the new co-benefit clauses.
The first test of whether such a balance has indeed been struck is likely to arise during the fifth bid window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) due in November.
Energy Minister Jeff Radebe has already announced that around 1 800 MW of renewables capacity will be procured during the auction, which is expected to supplant the so-called ‘Expedited Bid Window’, initiated in 2015, but never finalised.
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In fact, Allen & Overy partner Jason van der Poel, who advised government when South Africa initiated its IPP bidding programmes in 2011 and who currently advises developers and lenders, believes the DoE should take care not to “entirely reinvent the wheel” when introducing the new co-benefit clauses.
The first test of whether such a balance has indeed been struck is likely to arise during the fifth bid window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) due in November.
Energy Minister Jeff Radebe has already announced that around 1 800 MW of renewables capacity will be procured during the auction, which is expected to supplant the so-called ‘Expedited Bid Window’, initiated in 2015, but never finalised.
Read more....
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