NORWEGIAN FIRM TO BOOST SA POWER

A NORWEGIAN electricity supply company has undertaken a R3,4-million contract to help South Africa get its own electricity supply on par with global standards. The Norwegian Water Resources Energy Directorate will spend the next three years helping South Africa’s National Electricity Regulator establish tariff and price structures that meet global trends and get its policies in line with the government’s White Paper on Energy Policy. The three-year Work Plan will involve the creation of a financial model of the Electricity Supply Industry in order to analyse electricity tariffs. A tariff structure will also be developed for large energy-intensive industrial users and special deals will be systematically reviewed.