2 Sustainable Development Goals in Context to BRICS Countries
21
This would be followed by another 2000 MW of RE by 2020. Ministerial Determinations are entrusted for the proper implementation of the IRP 2010 that is being
regulated by Act No. 4 of Electricity Regulations, 2006 (Kok 2014). It is through
the bidding windows that the country has procured 6 422 MW of electricity from
112 Renewable Energy Independent Power Producers in 2017. By the end of June
2017, a total of 3 162 MW of electricity generation capacity was already connected
to the national electricity grid. In this regard, the NDB’s PFF supported the infrastructural development of the grid connection. With such an objective, NDB would
provide a PFF loan to Eskom Holdings State Owned Company Limited of USD180
million. This would, in turn, reduce the dependency of the country on fossil fuels
and thus would aid towards the sustainable development of energy and increasing
electricity supply. Considering the volume of projects to be funded, the PFF has been
divided into sub-projects. Currently, the sub-projects under commissioning include
infrastructural development of expedited independent power producer project for
Upington, the establishment of substation and transmission lines for Soweto area
and Ankerlig-Sterrekus (Martin 2017). With the approval and selection criteria from
NDB, future sub-projects would be proposed to ensure the overall development
objective of the project.
Through the implementation of the project, Eskom is expected to generate a total
of 670 MW of RE to the grid. This would meet 10% of the national target for RE
capacity from 2020 to 202 (Solar Power in India 2019). Once the transmission lines
are developed to meet the demand for electricity, prospects in the development of
RE could be established.
It is to be noteworthy that out of all the BRICS countries, South Africa has a
very far way to go in the field of renewable energy as at present more than 90%
of the energy are still generated from fossil fuels through the country has targets to
commission another 17.8 GW of renewable energy capacity by 2020 (Solar Power
in India 2019).
2.7 Conclusion
In the context of the BRICS countries based on their geographic advantages shown by
the perceptible economic growth in the early 21st century, the current piece of work
tries to analyze the possibility of the BRICS countries for sustainable development
and discussed the necessary conditions to be fulfilled. Every effort should be made
to focus on the proper utilization of their abundant potential natural resources, land
and population by effective technological advancement to encourage sustainable
development. India, China, and South Africa being the energy deficit countries, has
a great role to play in the field of solar renewable energy to overcome the shortage of
energy in the context of the global energy mix. On the other hand, Brazil and Russia
being the energy surplus countries could utilize the excess form of renewable energy
in exporting to the other nations to meet the demand for energy in the global energy
mix.
21
This would be followed by another 2000 MW of RE by 2020. Ministerial Determinations are entrusted for the proper implementation of the IRP 2010 that is being
regulated by Act No. 4 of Electricity Regulations, 2006 (Kok 2014). It is through
the bidding windows that the country has procured 6 422 MW of electricity from
112 Renewable Energy Independent Power Producers in 2017. By the end of June
2017, a total of 3 162 MW of electricity generation capacity was already connected
to the national electricity grid. In this regard, the NDB’s PFF supported the infrastructural development of the grid connection. With such an objective, NDB would
provide a PFF loan to Eskom Holdings State Owned Company Limited of USD180
million. This would, in turn, reduce the dependency of the country on fossil fuels
and thus would aid towards the sustainable development of energy and increasing
electricity supply. Considering the volume of projects to be funded, the PFF has been
divided into sub-projects. Currently, the sub-projects under commissioning include
infrastructural development of expedited independent power producer project for
Upington, the establishment of substation and transmission lines for Soweto area
and Ankerlig-Sterrekus (Martin 2017). With the approval and selection criteria from
NDB, future sub-projects would be proposed to ensure the overall development
objective of the project.
Through the implementation of the project, Eskom is expected to generate a total
of 670 MW of RE to the grid. This would meet 10% of the national target for RE
capacity from 2020 to 202 (Solar Power in India 2019). Once the transmission lines
are developed to meet the demand for electricity, prospects in the development of
RE could be established.
It is to be noteworthy that out of all the BRICS countries, South Africa has a
very far way to go in the field of renewable energy as at present more than 90%
of the energy are still generated from fossil fuels through the country has targets to
commission another 17.8 GW of renewable energy capacity by 2020 (Solar Power
in India 2019).
2.7 Conclusion
In the context of the BRICS countries based on their geographic advantages shown by
the perceptible economic growth in the early 21st century, the current piece of work
tries to analyze the possibility of the BRICS countries for sustainable development
and discussed the necessary conditions to be fulfilled. Every effort should be made
to focus on the proper utilization of their abundant potential natural resources, land
and population by effective technological advancement to encourage sustainable
development. India, China, and South Africa being the energy deficit countries, has
a great role to play in the field of solar renewable energy to overcome the shortage of
energy in the context of the global energy mix. On the other hand, Brazil and Russia
being the energy surplus countries could utilize the excess form of renewable energy
in exporting to the other nations to meet the demand for energy in the global energy
mix.