Ideas good, but execution vital for SA energy sector, says Eskom's Hadebe | Fin24
 
  • Mboweni on State Capture

    The new finance minister has described state capture as a 'great public sector heist'

  • Kganyago on Populism

    The central bank head says SA must learn economic lessons from Venezuela and Zimbabwe.

  • Up in the Air

    Uber Air could see SA shoppers flying to malls via skyports, says a company executive.

Loading...

Ideas good, but execution vital for SA energy sector, says Eskom's Hadebe

May 15 2018 13:00
Carin Smith

Ideas form a good basis for growth and development, but in the end only the execution of these ideas will bring about growth, acting Eskom CEO Phakamani Hadebe said at the opening of the 18th Africa Utility Week in Cape Town on Tuesday.

"Energy is a lifeline and a human right. It is not optional, it is essential," he said.

"Our future is in our own hands. It is only by creating growth in Africa that people will stop risking their lives to cross the Mediterranean. I want to emphasise that the execution of ideas is key."

In his view, the impact of gatherings like Africa Utility Week can be substantial for the continent.

"Africa has a common purpose which we all have to pursue. The question it brings is how to create infrastructure to accommodate growth predicted for Africa?" he said.

"Such engagements like Africa Utility Week will charter the way forward for the region. We need to work in partnerships. That is what the African Union stands [for]."

He said for the past ten years there has already been talks of an Africa energy grid, but progress in this regard "has not been exciting".

"As we go towards this dream, utility reform should yield extraordinary results for Africa. There is already talk of south, east and west power pools in Africa and this should be the basis for our discussions," said Hadebe.

"We need to adapt to a changing world. Issues like smart grid technology and nuclear energy are all being discussed in the energy sector."

He said the past couple of months have also seen the beginning of a concentration on especially energy storage and related technology.

"SA wants to play a bigger role in African energy. Energy storage technology can allow SA to play such an even bigger role to manage our own energy and align with global trends," he concluded.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

NEXT ON FIN24X

 
 
 
 

Company Snapshot

#MINIBUDGET2018

All eyes are on Tito Mboweni as he readies to deliver his maiden mini budget speech amid an ailing economy and eroded confidence.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

MiniBudget2018:

Previous results · Suggest a vote

Loading...