Stay updated with breaking news from Boipelo moloabi. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The journey by South Africa’s Pele Energy Group (PEG) from fledgling energy investor to that of a pioneering black-owned and -managed independent power producer (IPP) is receiving fresh impetus from an unexpected source: the robust private-offtake market that has been stimulated by a recent reform allowing for distributed generation projects of any size to proceed without a licence. MD Gqi Raoleka reports that the company has steadily expanded its portfolio from 800 MW in 2016 – when Engineering News ran a feature on how the five young black professionals who founded PEG had aspirations to become a fully-fledged IPP – to approximately 2 000 MW currently. ....