Cape Town seals first agreements to buy power at below Eskom rates
The City of Cape Town has made further strides in reducing its energy dependence on Eskom, entering into two 20-year power agreements to buy 70MW of power at a lower price than Eskom tariffs.
Mayor Geordin Hill-Lewis announced the agreements, worth an estimated R8 billion, with independent solar power producers Jempec Energy and Make a Difference.
It says it wants to “arrest its sales decline”, while preparing Eskom for a more competitive electricity market at the same time as it tries to reduce its R300 billion debt.
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