By Johnathan Paoli
Ekurhuleni mayor Nkosindiphile Xhakaza has welcomed a “historic milestone” towards energy security after formally welcoming 75 Independent Power Producers (IPPs) as part of a long-awaited strategy to diversify electricity supply away from Eskom.
Speaking at the Birchwood Conference Centre on Thursday, Xhakaza announced that the metro council had approved an Escrow Account framework for IPP projects and Eskom security deposits, paving the way for large-scale private sector investment into the city’s energy infrastructure.
“It is with great excitement that I inform you that the Council of Ekurhuleni has approved the Escrow Account framework for Independent Power Producer projects, as well as for Eskom security deposits,” Xhakaza said.
“This historic milestone closes an outstanding matter that has been unresolved for nearly two years and signals a new chapter in the City’s journey toward energy resilience, financial sustainability, and accelerated service delivery.”
The mayor said the approval created the
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