Basil Read eyes big energy growth as it submits solar bid

Posted on: March 23rd, 2012

Construction group Basil Read confirmed on Thursday that it, together with partners, had submitted a solar photovoltaic (PV) bid under the Department of Energy’s second bidding round for the procurement of renewable energy capacity from independent power producers (IPPs).

The South African government is in the process of procuring 3 725 MW of renewables capacity from IPPs, with some 2 309 MW still available for allocation after 28 preferred bidders, collectively representing 1 416 MW of potential capacity, were named in December.

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