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

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

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

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.

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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