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Industrial Development Corporation (IDC) CEO Geoffrey Qhena expressed confidence last week that projects that had been adjudicated under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) would proceed, despite the recent resistance shown by Eskom to signing a power purchase agreement (PPA) for Redstone CSP project. Interestingly, Eskom CEO Brian Molefeis also an IDC board member. 
 
Speaking at the release of group annual results, Qhena noted that, IDC had approved R360-million to to support its participation in the 100 MW Redstone CSP project, which is being developed together with ACWA Power and Solar Reserve.
 
File to free download: IDC Report at CSP Focus South Africa.
File to free download: South African CSP Projects under REIPPPP.
 
As a state-owned financial giant, IDC is playing a quite active and crucial role in the development of CSP projects in South Africa. As listed in the table below, IDC has been involved in the co-development of almost all the CSP projects under the government’s REIPPP program. In all these projects IDC have financed some element of community participation, ranging from 10% up to 25% to 26% in some projects.
 
Read the projects details please visit CSP Focus Reports page.
 

REIPPPP	Project	Cap	Technology	Sponsors	Lenders
Round 1	Kaxu Solar One	100	Parabolic Trough	Abengoa / IDC	RMB / Nedbank / DBSA / IFC / IDC
	Khi Solar One	50	Power Tower	Abengoa / IDC	IFC / EIB / FMO / IDC / Proparco / DBSA
Round 2	Bokpoort	50	Parabolic Trough	ACWA / PIC / Solafrica / Lereko Metier	Investec / ABSA / OMSFIN
Round 3	Xina Solar One	100	Parabolic Trough	Abengoa / IDC	RMB / Nedbank / DBSA / IFC / IDC / AfDB / ABSA
	Ilanga 1	100	Parabolic Trough	GDF / Investec / IDC / Lereko Metier	ABSA / Nedbank / DBSA / Investec / RMB
Round 3.5	Kathu	100	Parabolic Trough	ACS / Emvelo / IDC / PIC / Investec	Nedbank / ABSA / Investec DBSA / IDC / Standard Bank
	Redstone	100	Power Tower	ACWA / PIC / IDC / Old Mutual / Pele Green	TBC

 
To communicate more on CSP, IDC will present CSP Focus South Africa 2016 event during Nov.23-24 in Johannesburg, where the most important players will also speak like IPP Office, ACWA Power, IDC, Eskom, Abengoa Solar, ACS Cobra, SolarReserve, TSK, IFC, Mott MacDonald, GeoSun, Allen & Overy…
 
SAVE USD 200 by registering before Sept.29. Click here to register or download program for CSP Focus South Africa Nov.23-24.
 
CSP Focus
Tel: +86 21 5830 0710*8054
Email: csp@szwgroup.com 
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