South Africa: Basil Read eyes big energy growth as it submits solar bid

23 March 2012

Creamer Media's Engineering News - March 22, 2012

Construction group Basil Read confirmed on Thursday that it, together with partners, had submitted a solar photovoltaic (PV) bid under the Department of Energy’s second bidding round for the procurement of renewable energy capacity from independent power producers (IPPs).

The South African government is in the process of procuring 3 725 MW of renewables capacity from IPPs, with some 2 309 MW still available for allocation after 28 preferred bidders, collectively representing 1 416 MW of potential capacity, were named in December.

A Basil Read-linked consortium, known as Metrowind, was included among the initial preferred bidders and the project had participated in the National Energy Regulator of South Africa’s recent licensing hearings.

Basil Read had also acquired a 35% interest in Metrowind for R10-million and would be an equity participant in the project.

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