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The Renewable Energy Independent Power Producer Procurement (REIPPP)
Programme is making a significant impact on the economy, job creation,
community upliftment, economic transformation and climate change. The
REIPPP is a competitive tender process that has been designed to facilitate
private-sector investment into grid-connected renewable energy generation.
In a short, eight-year period, it has attracted R209,4 billion in committed
private-sector investment, resulting in much-needed alleviation of fiscal
pressure.
South African entities such as Old Mutual, Red Cap, Phakwe, Pele Green, and
many others, including the Central Energy Fund and the Public Investment
Cooperation, account for the majority of investment into the REIPPPP.
Renewable independent power producers (IPPs) have created 38 701 jobs years
for youth and women from the surrounding communities.
¡§This means 38 701 people have had a full-time job for one year,¡¨ Energy
Minister, Jeff Radebe, said at a media briefing in Pretoria.
The minister said local communities had benefitted from over R1 billion
spent by IPPs on education by upskilling teachers, providing extra teachers
and classrooms, as well as awarding over 600 bursaries to students from
disadvantaged communities.
In the health sector, the programme has provided health facilities while
contributing to social development through feeding schemes, supporting
old-age homes and early childhood development.
Furthermore, it has helped to establish more than 1 000 small enterprises.
¡V Source: SAnews.gov.za |
