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SMME Support as of July 2020

What the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa

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The purpose of this presentation is to provide the information on what the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa.

AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

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Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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Industry News

US agency, consortium sign $553m loan for Angola railway revamp

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The US International Development Finance Corporation signed a $553-million loan with a consortium of firms on Wednesday for the refurbishment of an Angolan railway line - part of the Lobito critical minerals transport corridor. The high-profile US-backed Lobito Corridor, which will connect copper and cobalt mines to the Atlantic coast, is part of Washington's global push to secure access to strategic metals and its efforts to counter Chinese influence in Africa.

NTCSA says any electricity deal to salvage Mozal must ensure its financial sustainability

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The National Transmission Company South Africa (NTCSA) reports that it remains open to finding a solution for the Mozal aluminium smelter. But it also insists that any new electricity supply agreement with the Mozambican facility should safeguard its financial stability and protect South African electricity consumers from unintended costs. In a statement following an announcement by South32 that Mozal would be placed into care and maintenance when a 20-year electricity deal expired on March 15, the Eskom Holdings subsidiary indicated that Mozal required an electricity price that was “significantly lower than the direct cost of supply”.

African Development Fund secures record $11bn replenishment as Africa steps up as co-investor

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The African Development Fund (ADF) has mobilised a record $11-billion under its 17th replenishment, marking a significant shift in Africa’s development financing model toward greater regional ownership and investment-led growth. Announced in London this week, the ADF-17 outcome represents a 23% increase on the previous replenishment, achieved despite tightening global fiscal conditions and declining international aid budgets. The fund is the concessional financing arm of the African Development Bank Group and supports low-income and fragile states across the continent.

ENGIE expects to start construction of 240 MW Corona PV project in late 2026

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International energy company ENGIE reports that construction of its 240 MW Corona solar PV project in the Free State should begin in the fourth quarter of 2026, after the project was named as a preferred bidder by the South African government. Electricity and Energy Minister Dr Kgosientsho Ramokgopa confirmed on December 15 that the Carona project, together with three other solar PV projects, had progressed to preferred bidder status under Bid Window Seven of the Renewable Energy Independent Power Producer Procurement Programme.

EU to strengthen carbon levy on high-emission imports

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The European Union will expand its carbon border levy - a fee charged on imports of high-emission goods - to cover car parts and washing machines, under European Commission proposals published on Wednesday. The plans would also tighten loopholes that the Commission worries could allow foreign firms to dodge the fee, which is currently in a pilot phase and will start imposing costs from January.
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