IEP and IRP to be Drawn Up Soon

Department of Energy

The revised Integrated Energy Plan and Integrated Resource Plan will be placed before cabinet for approval by August 2018.

The energy minister, Jeff Radebe, confirmed this while delivering his department’s budget vote speech in parliament.

The minister added that the Liquid Fuels and Gas Master Plans would also be tabled in cabinet.

“This will bring much needed certainty on the country’s energy infrastructure build programme and will also restore confidence that South Africa is well prepared to supply reliable energy to grow the economy,” he said.

As regards refineries, the minister announced that the regulatory framework designed to provide policy certainty to the industry would be drawn up by the end of 2018.

“In so doing, we will engage the Industry in a constructive and comprehensive way over the next few months in order to develop a plan that delivers on these objectives in the best interests of South Africa.”

The Petroleum Retail Audit results will also be released before the end of the third quarter of 2018/19.

In terms of shale gas, government will “continue to work on creating a conduce environment for the exploration and development of shale gas in South Africa in the near future.”

Work on the Minerals and Petroleum Resources Amendment Bill needed to be finalised as soon as possible in order to bring “clarity on acreage both offshore and onshore as an attractive proposition for oil and gas exploration companies.”

Meanwhile, speaking at Africa Utility Week recently, the minister raised the concern of ageing electricity distribution network infrastructure.

“The Department has completed a study to estimate the backlog and work is currently underway to determine the most effective way to fund the rehabilitation of these networks and asset management going forward.”

Sabinet Cape Town Office