DTIC to get rid of some red tape around private power
The Department of Trade, Industry and Competition is working on a way to reduce needless regulation when it comes to allowing private power producers to invest in South Africa.Additionally, the DTIC is aiding in the launch of a fund that will help businesses across the country to stave off some of the negative effects of loadshedding.
This latest plan will see the department launch the Energy One Stop Shop and Energy Resilience Fund on Thursday, as part of the wider Energy Mitigation Strategy outlined by President Cyril Ramaphosa., the Energy One Stop Shop is expected to help with the streamlining of regulatory processes required for private investment in electricity generation in South Africa, as well as facilitate pre-investment screening for all future energy projects in the hopes of fast-tracking approval.
Additionally, the DTIC’s Energy Resilience Fund was established to support business in becoming energy resilient, through interventions that will see them receive alternative energy solutions, storage and ways to become more energy efficient.
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