With Approved Integrated Resource Plan, South Africa gives Investors a Roadmap to Transform its Energy Mix

Content provided by APO Group. CNBC Africa provides content from APO Group as a service to its readers, but does not edit the articles it publishes. CNBC Africa is not responsible for the content provided by APO Group.

Following South Africa’s approval of its revised Integrated Resource Plan (IRP2019), the African Energy Chamber (EnergyChamber.org) is optimistic about investment prospects and energy sector growth in the country.

“The approval of the revised IRP2019 is a breakthrough for South Africa, which has huge energy investment potential,” said NJ Ayuk, Executive Chairman at the African Energy Chamber and CEO of the Centurion Law Group. “Government roadmaps and policies are critical in giving investors clarity on where the investment opportunities lie. South Africa is sending a message that its institutions are aligned towards clear goal and objectives, and are ready to work hand in hand with the private sector to achieve a common development vision.”

The Integrated Resource Plan (IRP) is a roadmap of South Africa’s energy sector from 2010 to 2030 and was first promulgated in March 2011, in support of the overall National Development Plan 2030. While developed as a living plan supposed to adapt to South Africa’s evolving energy scenario, it had failed to be revised since then. While it enabled the commitment of 18,000MW of power capacity additions, new global technologies and a rapidly-evolving energy scenario in South Africa means that its revision and update were much needed in order to guide further investment into the country. Chief amongst such developments is the 2019 gas discovery by Total, which could open a complete new petroleum and gas province in Southern Africa.

Under the revised IRP approved this week, several power capacity additions are planned until 2030. This notably includes 1,000MW of coal-based generation in 2023 and 2024, 5,670MW of solar PV capacity between 2025 and 2030, 8,100MW of wind power capacity between 2025 and 2030, 2,500MW of hydropower capacity by 2030, and 8,100MW of gas-based power generation capacity between 2026 and 2029. By 2030, South Africa’s coal-based generation will have fallen to 33,847MW from its current 39,16MW, while clean energy such as solar, wind and gas will have increased by a total of 330%.

“No progress is small and the taking of such pro-active steps by the government of South Africa is saluted by the entire energy community. We encourage our global partners to start reaching out and get involved in South Africa’s new era of energy development or get left behind,” added Nj Ayuk.

The Chamber believes  that these are exciting times to establish strategic partnerships with South African entities and engage with regional and international energy stakeholders on developing South Africa’s energy infrastructure.

From renewable energy to gas-to-power, the IRP offers tremendous opportunities for jobs creation and SME growth across the value-chain, from gas processing to equipment manufacturing.

Distributed by APO Group on behalf of African Energy Chamber.

Contact Media: Mickael Vogel Email: [email protected] Mobile: +27 78 558 7045

Media filesDownload logo

Related Content

Health care group RH Bophelo lists on the Rwanda Stock Exchange

South African multi-million health care company, RH Bophelo today cross-listed on the Rwanda Stock Exchange, making it the 9th company to be listed on the RSE stock market. This comes at a time when another South African company, Cimerwa PPC is also planning the same move. Celestin Rwabukumba, CEO, Rwanda Stock Exchange joins CNBC Africa for more.

The role of financial players in Rwanda’s post COVID-19 recovery

Financial institutions are expected to be central in the bounce-back of small and medium enterprises post-COVID-19. But how much of a role will it be? CNBC Africa's Arnold Kwizera spoke to Jane Mwangi, Managing Director, KCB Foundation for more.

Grading Buhari’s economic performance over the past 5 years

May 29th marked five years since President Muhammadu Buhari took over leadership in Nigeria. One year into his second tenure as president, Vincent Nwani, a Business and Investment Consultant joins CNBC Africa for an economic scorecard of Buhari’s lead administration.

Arunma Oteh on Adesina’s probe & why COVID-19 represents an opportunity for Africa

Some former African presidents have shown their support for the president of the African Development Bank, Akinwunmi Adesina. This was in a letter over the 16 count allegations levelled against him to which Adesina had stated his innocence. Although the ethics committee of the board of directors of the continental bank has cleared Adesina of these charges, the United States which is one of the major shareholders of the bank has called for an independent probe into the allegations.

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox

More from CNBC Africa

COVID-19 lock-down: This is how much SA’s alcohol ban cost the economy

After a two month ban on liquor sales, stores reopened today and thirsty consumers were waiting in line to replenish their stock. While the industry expects liquor sales to spike in the coming days, the ban on sales during the Covid-19 lock-downs has cost over 117,000 jobs. That’s according to the South African Liquor Brand owners Association (SALBA). SALBA CEO, Kurt Moore joins CNBC Africa for more.

Absa May manufacturing index surprises

The rand is rallying. Eight million people are back at work. Petrol will cost one rand and eighteen cents per litre more from next month and the latest Absa Purchasing Managers Index business activity sub-index rebounded to 43.2 in May after collapsing to an all-time low of 5.1 in April. The magnitude of the increase is surprising, given that most parts of the manufacturing sector could only operate at 30 per cent of employment capacity in May due to lockdown. Miyelani Maluleke, Economist at Absa Corporate and Investment Banking joins CNBC Africa for more.

COVID-19: Are Rwanda’s taxi motorbikes equipped for return?

Last night the Rwandan Prime Minister's office announced that the previously slated date of reopening of passenger motorbikes - which was meant to be today - has been extended until further notice. As the country gears up to reallow taxi-motorbikes to start operating again after over 2 months of being out of service due to Covid-19 measures; tech and mobility company, Pascal Technology has been hard at work equipping them to meet new regulatory measures. CNBC Africa spoke to Pascal Ndizeye, CEO and Founder, Pascal Technology to gauge their progress.

Health care group RH Bophelo lists on the Rwanda Stock Exchange

South African multi-million health care company, RH Bophelo today cross-listed on the Rwanda Stock Exchange, making it the 9th company to be listed on the RSE stock market. This comes at a time when another South African company, Cimerwa PPC is also planning the same move. Celestin Rwabukumba, CEO, Rwanda Stock Exchange joins CNBC Africa for more.

Partner Content

Sanlam Emerging Markets and its partners on the African continent invest over $12 million to fight COVID-19

As we go through this global pandemic together, it is the little things we miss. A high five, a handshake, a walk...

VIVO CEO is a dynamic leader for this innovative global brand

May 2020 -- Six months ago the vision for vivo in South Africa was just beginning to...

Trending Now

“Stop this culture of frivolous allegations” former World Bank Treasurer Arunma Oteh defends African Development Bank President

"So my appeal really is that we dispense of this issue. That we stop this culture of frivolous allegations around the times of elections. And allow the African Development Bank to support the African continent at this important time.”

How LGBTQ+ Pride Went From Movement To Marketing

With all of the changes to this year’s Pride lineup, many are left wondering how these virtual events will maintain their support of small LGBTQ+ owned businesses, like restaurants, bars, and brick-and-mortar stores, as well as LGBTQ+ focused nonpr

CNBC Africa celebrates 13 years on air

Today, June 1st marks our 13th Anniversary at CNBC Africa. As we celebrate our work and experiences at a time when the world is subdued by the coronavirus, here are views of some of our top analysts and friends from over the years....

Capital Appreciation’s Bradley Sacks on COVID-19 impact on business

Capital Appreciation, a JSE fintech player raised its final dividend by over 17 per cent following an increase in annual revenue and profits. The payment solutions provider saw increased demand for its digital and cloud based services and said the Covid-19 pandemic has not impacted earnings negatively. Bradley Sacks, Joint CEO at Capital Appreciation joins CNBC Africa for more.
- Advertisement -