The City of Cape Town’s (COCT) Energy Directorate has accepted an offer of R5.9 million for technical assistance from the International Finance Corporation (IFC).
The Mayoral Committee Member for Energy, Councillor Beverley van Reenen, welcomes the donation of assistance that will benefit Cape Town residents.
According to the COCT, the City’s Sustainable Energy Markets Department is embarking on a number of projects relating to renewable energy purchase and generation and other sustainable energy interventions. Among these include:
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Energy efficiency in municipal buildings/facilities;
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Electricity supply, including the purchase of renewable energy;
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Climate investment opportunities assessment;
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Green pricing approach.
The IFC and the City have agreed that the approximate value of the assistance to be provided is R5.9 million. The letter of collaboration states that technical assistance is provided to the City free of charge.
“The IFC and its team of consultants have the necessary expertise to render the assistance offered. The assistance will expedite and lend depth to the City’s endeavours in the relevant areas. The work is aligned to City policy and imperatives relating to energy sector reform and climate change mitigation. These are matters which require urgent attention given South Africa’s energy constraints and the changing energy governance landscape,” says Councillor van Reenen.
“We thank the IFC for their generous donation of assistance. We can see how these project area outcomes will benefit our residents and how the IFC’s generosity will enhance our ongoing work in these areas. We are committed to doing everything we can, and with all partners, to achieve cleaner, more affordable and secure energy for our residents,” concludes van Reenen.
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