The government is targeting R440 billion ($24.99 billion) in funding to build 14 000 kilometres of transmission lines over the next decade, with private sector investment playing a crucial role in reaching this goal.

Electricity and Energy Minister, Dr Kgosientsho Ramokgopa, presented the newly gazetted regulations to investors, outlining the framework for the ambitious project. The regulations detail the government's strategy, including efforts by the National Treasury to raise credit guarantee funds to reduce risks associated with the investment.

“The regulations establish clear rules for the transmission system agreement, addressing the relationship between buyers and procurers,” explained Ramokgopa. “They also cover revenue generation for operators, capacity availability, and penalties for failing to meet obligations. The system will aim for a 97% availability rate, ensuring reliability in power supply.”

This roadmap is part of SA's broader energy strategy, designed to tackle ongoing electricity shortages and modernise the country’s infrastructure. By leveraging private investment, the government aims to improve transmission systems, which will be critical for stabilising power supply and supporting economic development.

--ChannelAfrica--