South African power-project developer G7 Renewable Energies said it’s withdrawn a case against rules governing the connection of plants to the national electricity grid after adjustments were made on how they would be implemented.

The company brought the case against state-owned utility Eskom in July, arguing that interim rules that were adopted to make the process of getting access to the grid more equitable would actually hinder new operators. Industry discussions that followed helped to resolve the issues around the so-called Interim Grid Capacity Allocation Rules, according to G7.

“These engagements have resulted in an adjustment to the manner in which the Interim Grid Capacity Allocation Rules will be implemented and have provided much needed clarity to the process,” the company said Thursday in a statement.



Eskom which is struggling to meet electricity demand, resulting in almost daily power cuts, is seeking to add new capacity to the grid from private generation projects that could relieve pressure on the system.

© 2023 Bloomberg


Source link

(This article is generated through the syndicated feed sources, Financetin doesn’t own any part of this article)

Leave a Reply

Your email address will not be published. Required fields are marked *