As part of ongoing efforts to transform the country's energy and infrastructure sectors, government has launched the Independent Transmission Projects (ITP) market sounding exercise or request for information (RFI).
This ITP process aims to unlock substantial investment in transmission infrastructure, which is crucial for supporting economic growth, attracting private sector participation, and driving innovation in the energy sector.
“This market sounding exercise is designed to gauge the level of interest and readiness among industry stakeholders, and to explore innovative, alternative models for the development and delivery of power transmission infrastructure and expedite the implementation of the Transmission Development Plan,” National Treasury said on Wednesday.
South Africa’s ability to achieve its ambitious infrastructure investment goals set at 10% of Gross Domestic Product (GDP) hinges on the successful mobilisation of public and private capital.
“The RFI exercise seeks to gather insights on the market’s interest, capabilities, and potential solutions for accelerating transmission infrastructure development. The RFI will assist in the design of an effective procurement framework, inform the development of regulatory instruments, and guide the preparation of the tender documents.
“The RFI exercise is open to all interested parties, including private developers, financiers, DFIs and other interested stakeholders. Responses to the RFI will play a critical role in shaping the final structure of the tender and the successful implementation of the ITP programme,” National Treasury said.
Interested stakeholders are invited to submit their RFI responses from 12 December 2024 to 28 February 2025. Full details of the RFI process, including instructions on how to submit responses, is available by clicking: IPPO-ITP-RFI-2024
-SAnews.gov.za
