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Thursday, September 3, 2015
Release
The Independent Power Producer (IPP) Office of the South African Department of Energy will present a timeline of actions and examine the commercial opportunities in developing gas-to-power infrastructure projects during the South Africa: Gas Options (SA:GO) meeting at the Belmond Mount Nelson Hotel in Cape Town from 28 to 30 September this year.
Organised by EnergyNet and supported by the IPP Office, SA:GO will include a closed forum for investors, sponsored by Delta Natural Gas (DNG), responding to government’s call for a gas-to-power procurement programme.
A spokesperson for DNG says the company has chosen to support SA:GO because it believes that this meeting is timely and will bring together the most important stakeholders in the industry in dialogue with government. “The involvement of the IPP Office will ensure that opinions and expertise are aired in order to best contribute to a government policy that reflects commercial realities and practical solutions to develop a gas-to-power industry that is also internationally competitive.”
DNG, headquartered in Johannesburg, is a wholly black-owned business focusing exclusively on the benefits of importing liquefied natural gas (LNG) for the South African economy and society. For more information, visit www.dngas.co.za.
The South African gas industry is believed to have the makings of a profitable gas-to-power sector in light of a global upward trend in the price of LNG, averaging 20% per year.
In 2012, the Minister of Energy determined that new generation capacity should be procured from hydro, coal and gas sources to support the country’s base load energy mix, and generation from gas and cogeneration would be part of medium-term risk mitigation. A base load of 3 126MW and/or mid-merit energy generation capacity would be needed from gas-fired power generation to contribute towards energy security. The required gas would be imported and procured domestically. For more information, visit www.ipp-gas.co.za.
Despite these promising developments, the question remains: Will the IPP Office’s Renewable Energy IPP Procurement Programme (REIPPPP) live up to international investors’ expectations? The SA:GO meeting will address this question as well as concerns about gas pricing and supply chain development, among others, and facilitate dialogue between the public and private sectors involved in boosting the South African power grid.
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