South Africa and global insurance, financial institutions, banking and general law know–how
The governing documents that address the Southern African Power Pool’s (SAPP) role in cross-border transactions provide a framework that bidders, under the coal baseload independent power producer procurement programme (CBIPPP), that addresses some of the Department of Energy’s (DoE) requirements for cross-border projects in Southern Africa under the CBIPPP.
There are two key requirements that…
The Paris Agreement signed on 12 December 2015 is being widely proclaimed as a historic deal that will lead to decarbonisation. The agreement signals a shift to a low carbon, better future.
The agreement will affect numerous sectors including energy, transport, mining, agribusiness, infrastructure and finance.
The Coal Baseload Independent Power Procurement Programme Request for Qualification and Proposals (RFP) was released by the Department of Energy (DoE) in December 2014. The RFP allows preferred bidders, with the approval of the DoE, to undertake any refinancing or re-arrangement of the debt or equity at any time during the term of the Implementation…
In the Request for Qualifications and Proposals (RFP) issued in relation to the Coal Baseload IPP Procurement Programme, the Department of Energy (DoE) recognises that, at any bid submission date, bidders may not have all of the necessary appointments, consents or documents required to undertake their projects immediately upon being appointed as preferred bidders.
To…
The Request for Qualifications and Proposals (RFP) released by the Department of Energy (DoE) in respect of the Coal Independent Power Producer Procurement Programme (CIPPPP) introduces a new Part D which relates to affected projects.
The RFP allows a bidder to inform the DoE of any project in which it is involved which is experiencing…
After the success of the Renewable Energy Independent Power Producer Procurement Programme (REIPPP Programme) run by the Department of Energy of South Africa (DoE), the release by the DoE of the requests for proposals for gas, coal and hydro under the government’s baseload procurement programme is hotly anticipated. We highlight below some of the differences…
When rating agencies downgrade the credit ratings of South Africa’s banks or the country’s sovereign credit rating, whether justifiably or not, it raises interesting questions for the operation of project financing agreements.
Definitions in finance documents designate a class of financial institutions as ‘acceptable banks’. This definition is commonly used in project finance transactions as…
The DoE recently made sweeping amendments to the RFP under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) to make the bid submission process cheaper and less onerous for developers. Will the DoE make the same changes to the RFP under the Small Project Independent Power Producer Procurement Programme (SPIPPPP)?
The intention is to
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The Loan Market Association (LMA) has prepared a suite of agreements for use in Africa which forms part of the suite of recommended documentation made available to LMA members on the LMA website. The agreements, prepared by Norton Rose Fulbright in conjunction with a documentation committee consisting of representatives from local and…
Projects aiming to reach financial close in the third round of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) in November 2014 will be affected by the amended Broad-Based Black Economic Empowerment Codes of Good Practice (Amended B-BBEE Codes) following amendments to the Implementation Agreement.
Some of the most significant changes to the Implementation…
