Western Cape Premier Alan Winde says investment in energy production is essential for economic growth and job creation. He hosted members of the business community in Cape Town to discuss ways to end dumping.

Winde says a strong partnership between the private and public sectors is critical to solving South Africa’s energy crisis.

The energy challenges facing the country require joint efforts. Vinde says now is the time to invest in energy production to increase energy sustainability. The meeting follows a provincial energy summit held in recent weeks that made various proposals, including bringing more independent power producers onto the grid.

Vinde says: “The Energy Summit – there were some businesses involved. But mainly what the government was trying to achieve was… what we are focusing on. Are we focusing on the right thing, are we getting the traction we need, what’s new that we haven’t looked at, gas on one side, on-board solar on the other side, all the way to green hydrogen, it was an energy summit that worked, now you can see in the presentations that have been made and now we are meeting again with representatives of the energy business as a whole, over the next few years we need to make sure that there is a fair transition to a system that has energy sustainability and actually load shedding becomes a thing of the past “.

Eskom says it is investing in retraining its workforce as the transition from coal is inevitable. It says that in times of crisis there are opportunities for business.

“If we can unlock R1.2 trillion in investment, you can imagine the number of jobs created, you can imagine the number of jobs saved through energy security, you can imagine the opportunities created to decarbonize greener industries, but if we all sit around and do nothing, the only effect I can say with certainty is that there are darker days ahead. It’s a tough choice we face, but it’s also an advantage of the opportunities we have,” says Eskom CEO Andre de Ruyter.

The provincial government says it will help the power company as much as it can and encourages businesses to invest in innovative solutions for energy production.

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