South Africa’s highly respected Independent Power Producer (IPP) Office, which has overseen nearly R200-billion-worth of renewable-energy investment since 2011, is to be incorporated into the Central Energy Fund (CEF), which itself is to be overhauled. Energy Minister Mmamoloko Kubayi announced plans for the restructuring during her inaugural Budget Vote address on Friday, during which she also confirmed that the African Exploration Mining and Finance Corporation, currently a subsidiary of the CEF, would be transferred to the Department of Mineral Resources, along with the Petroleum Agency of South Africa, hitherto under the authority of the Department of Energy (DoE).
