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Standard Bank keen to participate in South Africa’s gas-to-power programme

7/26/2016

1 Comment

 
PictureStandard Bank head of power Rentia van Tonder
Leading South African financial institution Standard Bank has confirmed that it is keen to participate in the funding of South Africa’s gas-to-power (GTP) programme and that it is eagerly awaiting the release of the project information memorandum, outlining government’s preferred procurement model.
The Department of Energy (DoE) envisages the development of 3 700 MW of new gas-fired power generation, with 3 100 MW to be developed by independent power producers (IPPs) and the 600 MW balance in a public-private partnership with State-owned companies.

​Standard Bank head of power Rentia van Tonder tells Engineering News Online that the bank, which has been a major funder of Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) projects and which is supporting participating bidders for the first coal baseload IPP bid window, is keen to participate.
That said, she expects the GTP programme to raise a number of funding considerations, with government’s IPP Office showing a preference for a “bundled” offer that integrates the infrastructure required to import gas, including a floating storage regasification unit, and the power generation projects.

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1 Comment
Charles Mazenge
8/4/2016 12:55:47 am

I am a small household solar installer and I am appealing for funding in this file. I install household systems from 2KW to 30KW but funding is my biggest challenge.
I can be contacted on 079 819 6006.

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