Affordable Energy Supply Is The Lifeblood Of Any Economy – Ramaphosa

The President Cyril Ramaphosa has on Monday, hinted on power utility’s role over Citizens daily life. He articulated that every South African knows how important electricity.

Affordable Energy Supply Is The Lifeblood Of Any Economy - Ramaphosa -SurgeZirc SA
SA Power Utility/ Photo File: Twitter

The President Cyril Ramaphosa has on Monday, hinted on power utility’s role over Citizens daily life. He articulated that every South African knows how important electricity. When it is available no one thinks about it, but once Eskom lose energy everything changes.

“But when we have load shedding everything just goes wrong in our lives at home, in our work environment and practically in every facet of our lives,” said Ramaphosa.

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However, President added that people know only too well that the energy security is precarious and load-shedding imposes very high costs on the economy. The fleet of coal-fired power stations is ageing, vulnerable to breakdowns and incurs significant maintenance costs.

Reliable, secure and affordable energy supply is the lifeblood of any economy. To limit the impact of climate change, it is equally important that energy is sustainable and environmentally-sound.

“We have one of the most energy-intensive economies in the world. While our energy sources have become more diverse than before with the increasing inclusion of renewable energy sources, we remain heavily dependent on fossil fuels, mainly coal.

“We are also a water-stressed country and coal power generation consumes vast quantities of water,” he said.

A government we have decided that to grow our economy and attract investment, secure and sustainable energy supply is paramount.

According to President Ramaphosa it is therefore vital that significantly, and speedily, increase the electricity generation capacity.

Following the commitments the government made in the State of the Nation Address in February, government has now gazetted ministerial determinations that will enable the development of more than 11,800 megawatts (MW) of additional power generation.

To give a sense of the scale of this development, South Africa currently has in the region of over 30,000 MW of electricity available on the national grid each day.

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This signals government’s clear intention to move ahead with one of the key reforms that is needed to unlock the growth of the economy and attract much-needed investment.

This new energy will be procured from diverse sources, including solar, wind, gas, coal and storage.

“While meeting our energy needs well into the future, this new capacity will also help us meet our international obligations to reduce carbon emissions,” said Ramaphosa.

This electricity will be procured through a transparent tendering process that prioritises competitiveness and cost-effectiveness.

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Dr Umar
Dr Umar
1 year ago

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