Date set for signing of contracts for 27 independent electricity projects

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Johannesburg, 14 January 2016 - Minister in the Presidency, Jeff Radebe says "Our South African rand which is amongst the most traded emerging currencies has been particularly hard hit in recent weeks".

Johannesburg, 14 January 2016 - Minister in the Presidency, Jeff Radebe says "Our South African rand which is amongst the most traded emerging currencies has been particularly hard hit in recent weeks".

WEB_PHOTO_RADEBE_14012016.jpg

Johannesburg, 14 January 2016 - Minister in the Presidency, Jeff Radebe says "Our South African rand which is amongst the most traded emerging currencies has been particularly hard hit in recent weeks".

Johannesburg, 14 January 2016 - Minister in the Presidency, Jeff Radebe says "Our South African rand which is amongst the most traded emerging currencies has been particularly hard hit in recent weeks".

JOHANNESBURG - Eskom is to sign long-delayed agreements with independent producers for renewable energy next week, Energy Minister Jeff Radebe announced.

The 27 renewable energy projects would create more than 61,000 new jobs and enable R56-billion of new investment in the economy, he said in a statement.

Eskom has been stalling on payment of the projects, despite former president Jacob Zuma having announced two years ago that the projects would go ahead.

READ: State meddling with energy producers is dissuading would-be investors

The projects have the potential to add more than 2,000 megawatts to the national electricity grid.  

Terence Govender, chairman of the SA Renewable Energy Council, welcomed Radebe&39;s commitment to having the agreements signed.