To Measure Is To Know
The Hex Battery Energy Storage System project in Worcester in the Western Cape province uses large-scale utility batteries designed to store enough energy to power a South African town with almost 100 000 people for about five hours, Eskom said.
By Paul Burkhardt, Bloomberg 10 Nov 2023 15:35
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Bruce Whitfield is joined by Sandile Hlophe, a partner at Ernst and Young.
There’s been a massive boost to foreign direct investment across Africa, largely thanks to clean tech, according to a new report by Ernst & Young.
Cleantech refers to “technology that makes it possible to reduce or avoid harm to the environment”.
It included technology related to things such as recycling, and renewable energy such as solar panels or wind turbines.
Hlophe says investment worth $194 billion has been seen injected into African economies.
We saw massive growth… of FDI into the Continent.Sandile Hlophe, Partner, Ernst and Young and Africa Region Government Infrastructure Leader
We saw $194 billion worth of investment capital come into the Continent, which is a good 64% rise over prior years, also on the back of the Covid slowdown.Sandile Hlophe, Partner, Ernst and Young and Africa Region Government Infrastructure Leader
Cleantech as a sector really led the attraction of investment…Sandile Hlophe, Partner, Ernst and Young and Africa Region Government Infrastructure Leader
A lot of that money is going into the Solar PVs…Sandile Hlophe, Partner, Ernst and Young and Africa Region Government Infrastructure Leader
Click on the link below to listen to the entire interview…
“… (R)ooting out the culture of corruption in Eskom and businesses working with Eskom is still a challenge and there seems to be no limit to the greed that permeates that whole ecosystem,” Public Enterprises Minister Pravin Gordhan told the Standing Committee on Public Accounts (Scopa) on Tuesday, 7 November. “
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“City Power is expected to take over control of the load shedding operations for most of the areas it supplies effective from Monday, 6 November 2023.
This is according to a joint statement released by City Power and power utility Eskom.
“This undertaking will bring changes to the load shedding blocks which will affect the schedule in areas load shed by City Power in Johannesburg and Eskom across Gauteng.”
The statement noted that areas that are load shed by City Power will remain on a two-hour schedule even during Stages 5 and above of load shedding.”
Read the full media relase here.