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Friday, 25 November 2016 13:35

Cape Town joins global energy partnership

Cape Town is the newest member of the World Energy Cities Partnership (WECP) and one of only two African countries alongside Angola.

The city’s goal is to obtain at least 20% of its energy from renewable sources by 2020, but the city is not permitted to buy directly from independent producers. The Western Cape was excluded from the national government’s recent announcement on its gas-to-power independent power producer (IPP) programme. But Department of Energy deputy director-general, Tseliso Maqubela, said Saldanha Bay was still a consideration.

In addition, Cape Town is well positioned to service oil and gas projects around Africa. Despite the low oil price, fears over amended legislation, the strong environmental aversion to fracking and the high costs involved in deep sea exploration, Iain Pitt, chief executive of the Oil and Gas Council, said that Cape Town did not share the same narrative as the rest of South Africa and was still attractive to investors.

Source: IOL Business News

Link: http://www.iol.co.za/business/news/cape-town-joins-global-energy-partnership-2085465