Government to increase electricity generation capacity for economic growth: Ramaphosa

file 20200612 153817 dkok4i 756x426 - Government to increase electricity generation capacity for economic growth: Ramaphosa

Government has vowed to increase its electricity generation capacity in order to grow the economy and attract investment. This as the country recovers from months of limited economic activity due to the coronavirus pandemic.

In his weekly letter, President Cyril Ramaphosa says they have now gazetted ministerial determinations that will facilitate the development of more than 11 800 megawatts of additional power generation.

After months of load shedding that negatively affected economy, an extra over 11 000 megawatts will soon be added onto the national grid to overcome the country’s power problem.

President Ramaphosa says this is one of the key reforms needed to unlock growth and attract investment. He says the new energy will be sourced from solar, wind, gas and coal among others.

To avoid corruption, the President said this electricity will be procured through a transparent tendering process that prioritises competitiveness and cost-effectiveness.

Ramaphosa also said as part of the regulatory reforms, draft amendments to regulations that would enable municipalities in good standing to procure their own power from independent power producers will soon be gazetted.

The video below talks about Eskom’s power supply constraints:

The post Government to increase electricity generation capacity for economic growth: Ramaphosa appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..

Leave a Reply

Your email address will not be published. Required fields are marked *