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INVESTORS CONFERENCE CONCLUDING REMARKS BY MS N MAGUBANE DIRECTOR GENERAL 28 OCTOBER 2010

INVESTORS CONFERENCE CONCLUDING REMARKS BY MS N MAGUBANE DIRECTOR GENERAL 28 OCTOBER 2010. 1. POLICY ISSUES. The beginning of a new era in the energy sector in RSA This is marked by the following:

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INVESTORS CONFERENCE CONCLUDING REMARKS BY MS N MAGUBANE DIRECTOR GENERAL 28 OCTOBER 2010

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  1. INVESTORS CONFERENCE • CONCLUDING REMARKS • BY • MS N MAGUBANE • DIRECTOR GENERAL • 28 OCTOBER 2010 1

  2. POLICY ISSUES • The beginning of a new era in the energy sector in RSA • This is marked by the following: • More commitment to diversified energy mix with clean energy and nuclear playing a more strategic role • The country state of readiness is demonstrated by:

  3. POLICY ISSUES • Policy changes and the regulatory framework to facilitate the entry of cleaner energy sources • Review of Renewable Energy White Paper Policy to develop medium and long term targets • The provision of IRP 2010 which at present highlights the focus on diversified energy mix which included renewable energy and nuclear

  4. POLICY ISSUES • Development of the Integrated Energy Plan • The facilitation of IPPs and the introduction of Independent Systems Market Operator. • The implementation of Industrial Policy Action Plan 2 which will facilitate localisation

  5. STATE OF READINESS • The National, Provisional & Municipal spheres of government have demonstrated their readiness by: • Inclusion of the project in the integrated development plan of the local municipality • Provision of land, water and other related infrastructure by the local municipality • Support from the Provincial Government on local economic development

  6. ROLE OF FINANCIAL INSTITUTIONS • Driving the green economy is neither cheap nor easy. The technology is new, the skills scarce and the funding especially from government is limited. • The department welcomes the innovative intervention of both government related developmental financial institutions and the private financiers. Your presence here is most welcome and I hope all the investors will take advantage of your presence to initiate business.

  7. CONTRIBUTION TO LOCAL ECONOMIC DEVELOPMENT • the solar park initiative should lead to technology transfer, skills development and employment creation in this part of the country to improve the quality of life • This investment is part of an initiative to alleviate energy poverty and should be emulated by our continent

  8. OPPORTUNITIES FOR INVESTORS • The time for renewable energy investment in Africa is now and the place is Upington and the investors here this afternoon need to cease this opportunity now • We have policy in place, investment land & related infrastructure provided for in the plans. • The RSA Government and the Department of Energy welcomes your partnership with us to drive the green economy initiative.

  9. COMMENTS • Your comments today are welcome. The policy processes will be fast tracked and this project is supported by other government entities and it is hoped that they will provide the much needed support. • The Department welcomes constructive engagements with all stakeholders and my colleagues will provide you with the necessary platform to engage.

  10. VOTE OF THANKS • A journey of a 1000 mile starts with one step and this collective has assisted the Department to take this bold and decisive step. • The Clinton Foundation has been a partner in this initiative and their contribution is welcome • The stakeholders such as CEF, EDI Holding, PetroSA and Eskom have contributed to this conference and are appreciated

  11. THANK YOU

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