About Us

Company Background

New Variable Renewable Ernergy (Pty) Ltd, which will be called “NVRE (Pty) Ltd” is a company incorporated under the laws of the Republic of South Africa, having its registered office at 244 Norma Jean Square, Die Hoewes, Centurion, Republic of South Africa.

President Cyril Ramaphosa addressed the nation on Monday 25 July 2022 where he announced an unprecedented set of interventions to end load shedding and achieve energy security. Load shedding is the single biggest constraint on South Africa’s economic growth. Government is taking bold steps both to address the immediate crisis and to make load shedding a thing of the past and NVRE (Pty) Ltd would-be part of the long term solution.
NVRE (Pty) Ltd must emphasise that achieving energy security is our government’s single most important objective as a country, to enable economic growth and job creation. The state’s short-term objective is to reduce the severity and frequency of load shedding through immediate measures to stabilize the energy system. Their long-term objective is to end load shedding altogether and NVRE Pty Ltd want to be part of this historic moments.

In this regard, NVRE (Pty) Ltd is aware that Government will focus on improving the performance of Eskom’s existing power stations and adding as much new generation capacity to the grid as possible, as quickly as possible. To this end, the President established the NECOM – a National Energy Crisis Committee – comprising all relevant government departments and Eskom, led by the DG in the Presidency. This structure reports to an Inter-Ministerial Committee, which will be chaired by the President and comprises the Minister in the Presidency, the Minister of Mineral Resources and Energy, the Minister of Public Enterprises, the Minister of Finance, the Minister of Forestry Fisheries and the Environment and the Minister of Trade Industry and Competition.

NVRE (Pty) Ltd recognizes that several actions have already been taken to address the shortfall in electricity supply, which is the main cause of load shedding. Some of these actions include:
– Changes that were made to the Regulations on New Generation Capacity to allow Municipalities to procure power independently. As a result, several municipalities are in the process of procuring additional power.
– One of the first steps is to revive the renewable energy procurement programme. This enabled 2205 MW from Bid Window 4 to proceed to construction, the majority of which has now been connected to the grid.
– A further 6800 MW of solar PV and wind power is being procured in terms of the current Ministerial determination. This additional generation capacity will connect to the grid from late 2023. Another 3000 MW of gas and 513 of battery storage will be procured through the next bid windows.
– In 2021, the state raised the licensing threshold from 1MW to 100MW. This has resulted in a pipeline of more than 80 confirmed private sector projects under development with a combined capacity of over 6000 MW, several of which will commence construction this year.

These are just a few examples of the interventions government has already put in place. However, NVRE (Pty) Ltd also recognize that we need to be responsive to the situation as it develops. The severe load shedding which we experienced showed that additional actions are necessary to restore system stability and increase generation capacity.

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The plan announced by the President includes five interventions with specific actions and timeframes to address the electricity shortfall:

1. Fix Eskom and improve the availability of existing supply
2. Enable and accelerate private investment in generation capacity
3. Accelerate procurement of new capacity from renewables, gas and battery storage
4. Unleash businesses and households to invest in rooftop solar
5. Fundamentally transform the electricity sector to achieve long-term energy security.

The crisis that we are facing requires that we should take bold, courageous, and decisive action to close the electricity gap. That is our overriding objective at NVRE (Pty) Ltd.