March 8, 2018 / 11:16 AM / 4 months ago

S.Africa's Eskom to ink 27 renewable energy projects with private producers

CAPE TOWN (Reuters) - South Africa’s state power utility Eskom will sign purchase agreements with independent producers for 27 renewable energy projects on March 13 that will generate 56 billion rand ($4.7 billion) in investments, the energy minister said on Thursday.

An Eskom logo is seen at the entrance of their head offices in Sunninghill, Sandton, February 24, 2016. REUTERS/Siphiwe Sibeko

There have been numerous delays in getting such projects, which are seen as crucial to reducing South Africa’s heavy reliance on coal, off the ground.

($1 = 11.8927 rand)

Reporting by Wendell Roelf; Writing by Ed Stoddard; Editing by Joe Brock

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