Last-Minute Court Interdict Blocks IPP Signing

Featured image Stock

Featured image Stock

Numsa, which represents thousands of workers in the industry, fears the signing of the agreements would lead to Eskom needing less coal-powered electricity and ultimately result in the closure of power plants and job losses.

The department said it would not, however, be concluding the contracts on Tuesday as planned as it had voluntarily chose to postpone signing the contracts "in the spirit of constitutionalism and the rule of law" until after a return court date on March 27.

"In the absence of an interdict, and with the court having expressly informed the parties in court that it would not grant such an order, nothing prevented Eskom and IPPs from signing the agreements, as scheduled by me for 13 March 2018".

The matter has been set down for March 27 at the North Gauteng High Court.

The National Union of Metalworkers of SA (Numsa) together with Transform RSA obtained the interdict at the High Court in Johannesburg on Monday night to prevent Eskom from concluding the outstanding renewable energy independent power producer (IPP) products‚ including the power purchase agreements.

Inflación baja en febrero por caída precios en alimentos
En términos mensuales, los precios de consumo aumentaron un 0,1 por ciento en febrero respecto al mes anterior. Economistas consultados en un sondeo de Reuters proyectaban que el IPC subiera un 0,2% mensual en febrero.

The department of energy, however, said later on Tuesday that no interdict had been granted, and it had instead voluntarily chose to postpone signing the contracts "in the spirit of constitutionalism and the rule of law".

Eskom in 2016 refused to enter into new deals with 27 IPPs due to cost issues and excess power generation capacity, causing significant delays in the development of the projects, selected under bid windows 3.5, 4 and 4.5 of the country's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).

"This will also ensure opportunities for economic transformation and access to the mainstream economy".

"This initiative will enable R56 billion of new investment in the economy over the next 2 to 3 years‚ which will immediately contribute to growth in the economy".

The ministry claims that the long-delayed REIPP projects would create 61,600 jobs with 95% of those going to South Africans. At the time, he said the signing of the agreements would be re-confirming government's commitment not only to renewable energy, but also to a solid partnership with the private sector in pursuing government's energy transition objectives for the future.

Noticias recomendadas

  • Comerica Bank Acquires 52967 Shares of Norwegian Cruise Line Holdings Ltd. (NCLH)

    IFM Investors Pty Ltd purchased a new stake in Norwegian Cruise Line during the third quarter valued at approximately $259,000. BidaskClub cut shares of Norwegian Cruise Line from a "buy" rating to a "hold" rating in a report on Tuesday, February 27th.
    Emma Watson rumoured to be dating 'Glee' star Chord Overstreet

    Emma Watson rumoured to be dating 'Glee' star Chord Overstreet

    Another insider said recently: "It's insane but, yes, they are seeing each other, although Emma wants to keep things quiet and private".
    Seahawks to release DeShawn Shead, hope to re-sign him

    Seahawks to release DeShawn Shead, hope to re-sign him

    Shead's agent, Cameron Foster, told ESPN that the National Football League recently informed the Seahawks that Shead's contract was going to toll.
  • Perro se vuelve viral por su increíble rostro

    Perro se vuelve viral por su increíble rostro "humano"

    En la grabación el perro aparece paseando por su vivienda y en algún momento incluso guiña el ojo mirando justo a la cámara. En tanto, la joven describió a su perro como un animal muy cariñoso que "siempre quiere ser acariciado y jugar".
    Xiaomi Dipper on Geekbench could be the Mi 7

    Xiaomi Dipper on Geekbench could be the Mi 7

    The smartphone market has witnessed a lot of trends in the past few months and many manufacturers are embracing these trends. The top left corner has a double camera setup which incorporates vertically placed camera sensors isolated by a LED flash.
    Volkswagen assigns 20 billion euros in battery orders, speeds EV push

    Volkswagen assigns 20 billion euros in battery orders, speeds EV push

    VW has said it plans to launch 80 new electric cars across the group by 2025 and offer an electric version of each of its 300 group models by 2030.
  • Nina Dobrev to Star in CBS Comedy

    Nina Dobrev to Star in CBS Comedy

    Other cast members are Brian Stokes Mitchell and Sheryl Lee Ralph, who will play the role of Jay's wealthy parents. Dobrev's Clem is grounded, deeply amusing , quick-witted and outspoken.
    Gobierno de Buenos Aires anunció aumento de 40% en suministro del agua

    Gobierno de Buenos Aires anunció aumento de 40% en suministro del agua

    Fuentes de la Gobernación informaron al diario Clarín que el aumento previsto por la empresa es de, efectivamente, un 40%. ABSA provee el servicio de agua potable y cloacas a más de dos millones de habitantes de 79 localidades bonaerenses.
    Trump to Replace Tillerson With Pompeo as Secretary of State

    Trump to Replace Tillerson With Pompeo as Secretary of State

    Reporters who cover the State Department had been guessing how long into 2018 that Tillerson would last. Trump and Tillerson, the former CEO of Exxon Mobile, have reportedly been at odds for months.
  • El duelo entre las Williams fue para Venus — Indian Wells

    El duelo entre las Williams fue para Venus — Indian Wells

    Ahí quedó el susto y Venus doblegó a su hermana en dos sets por primera vez desde la final de Wimbledon de 2008 . El 29no duelo entre las hermanas Williams concluyó en un triunfo de la mayor, Venus , 6-3 y 6-4 sobre Serena .

    Tullow Oil (TUWLF) Receives Average Recommendation of "Hold" from Brokerages

    The shares were sold at an average price of GBX 190 ($2.63), for a total transaction of £61,176.20 ($84,520.86). The shares were sold at an average price of GBX 192 ($2.65), for a total value of £378,353.28 ($522,731.80).
    Goldman Sachs CEO succession clearer with Schwartz retiring

    Goldman Sachs CEO succession clearer with Schwartz retiring

    Last Friday, the Wall Street Journal reported that Blankfein would be stepping down "as soon as year's end". Schwartz has been in charge of trade for years before being appointed Chief Financial Officer in 2012.

Nos complace brindar esta oportunidad para compartir información, experiencias y observaciones sobre lo que está en las noticias.
Algunos de los comentarios se pueden reimprimir en otras partes del sitio o en el periódico.
Gracias por tomarse el tiempo para ofrecer sus pensamientos.