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Cape Town to procure 500MW from energy traders at lower rates than Eskom
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Cape Town to procure 500MW from energy traders at lower rates than Eskom
The City of Cape Town is poised to become the first municipality in South Africa to procure electricity at scale from licensed energy traders and aggregators in a move towards energy independence and sustainability. The innovative Energy Trader Tender, which seeks to secure 500 megawatts (MW) of power through Power Purchase Agreements (PPAs) lasting between one to ten years, accommodates a diverse range of power generation technologies, notably …
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