South Africa: REIPPP2 financial close deadline extended


The deadline by which preferred bidders from the second round of South Africa’s renewable energy independent power producers (REIPPP) programme must reach financial close has been extended from the end of March to 22-26 April. The delay has been caused by the Department of Energy needing approvals before it can sign agreements, the most important of which is the requirement that the budget for each round is formally approved by the Treasury under the Public Finance Management Act.