National Energy Act, 2008 (Act No. 34 of 2008)Chapter 5 : Security of Supply17. Acquisition and maintenance of national strategic energy feedstocks and carriers |
| 1) | The Minister may, in a prescribed manner, for the purposes of ensuring security of supply, direct any state-owned entity to acquire, maintain, monitor and manage national strategic energy feedstocks and carriers. |
| 2) | The nominated state-owned entity must perform the functions contemplated in subsection (1) in accordance with the relevant published security of supply strategies or policies. |
| 3) | The strategies or policies contemplated in subsection (2) may contain but not be limited to— |
| a) | the minimum level of energy carrier or energy feedstock for the production of an energy carrier; |
| b) | the conditions under which— |
| i) | the strategic energy feedstocks and carriers may be built; and |
| ii) | withdrawals may be made from such strategic energy feedstocks and carriers; |
| c) | cost and benefit analysis; |
| d) | funding mechanism for such energy feedstock or carrier; and |
| e) | obligations to be imposed, on producers of energy feedstocks, to supply to the nominated state-owned entity the requisite energy feedstock, in a manner prescribed by regulation. |
| 4) | Before finalising the strategy or policy, the Minister must— |
| a) | invite public comments on such strategy or policy; and |
| b) | duly consider such comments. |