>
> Eskom Renewable Energy Investment Project - Alternative Solutions to
> Meet Electricity Needs
> Posted on: Mon, 02 Aug 2010 07:13:22 EDT
>
> Aug 02, 2010 (African Development Bank/All Africa Global Media via
> COMTEX) --
> In responding to the growing electricity demand within South Africa,
> the need for diversifying Eskom's (South African electricity public
> utility) energy mix, as well as meeting the country's targets for
> renewable energy, Eskom embarked upon a research programme to
> investigate South Africa's sources of renewable energy, and identify
> appropriate alternative solutions to meet the electricity needs of
> the country.
>
> Through this research, Eskom proposes the first ever commercial
> scale Concentrated Solar Power plant in sub-Saharan Africa and the
> first utility-scale wind power plant in South Africa under the Eskom
> Renewable Energy Investment Project (EREIP).
>
> The project is estimated to cost over USD 1.2 billion, of which AfDB
> would contribute up to USD 260 million and co-finance with Clean
> Technology Fund (CTF) resources of USD 100 million. Other financiers
> include the World Bank, European Investment Bank, Agence francaise
> de developpement and the German government-owned development bank
> (KfW). It is expected that the project would lead to a pipeline of
> similar projects undertaken by Eskom and independent power producers
> (IPPs) throughout sub-region.
>
> Component 1 of the project, the Sere Wind Power Project will consist
> in the first phase, a 100 MW wind farm comprising forty to fifty 2.0
> to 2.5 MW wind turbines to be located approximately 300 km north of
> Cape Town near the town of Skaapvlei. The area has the potential to
> accommodate up to 200 MW of wind capacity. Cumulative emissions
> savings from Phase 1 of the Western Cape Wind Energy Facility, based
> on an annual output of 271 GWh, would be 5 million tons of CO2 over
> the 20-year life of the plant.
>
> Component 2 of the project, the Upington Concentrating Solar Power
> Project is currently designed using a tower and mirror system
> configured to operate as a base load unit. Utilizing molten salt as
> a thermal circulating fluid and storage medium would allow the plant
> to achieve a 60-65 percent annual load factor with a rated capacity
> of 100 MW. The estimated cumulative emissions savings resulting from
> a projected annual energy production of 516 GWh is 9 million tons of
> CO2 over a projected 20-year plant life.
>
> The Clean Technology Fund
>
> The Clean Technology Fund (CTF) is a multi-donor trust fund created
> in 2008 as one of two Climate Investment Funds (CIF) to provide
> scaled up financing for demonstration, deployment and transfer of
> low carbon technologies that have significant potential for long-
> term greenhouse gas emissions savings. CTF resources are
> approximately USD 5 billion pledged by Australia, France, Germany,
> Japan, Spain, Sweden, United Kingdom, and United States.
>
> CTF will support 15-20 country/regional investment plans
>
>
> that meet the criteria of significant greenhouse gas emissions
> savings, demonstration potential at scale, development impact and
> implementation rea
>
> Contacts
>
> Yvan Cliche
>
> For full details on (SOPWE) SOPWE. (SOPWE) has Short Term
> PowerRatings at TradingMarkets. Details on (SOPWE) Short Term
> PowerRatings is available at This Link.
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