“Unless somebody will come forward and say ‘I will buy this power station, will operate it for the next 20-40 years, and breathe life into it’, then you are looking at a different proposition,” said President Cyril Ramaphosa on 10 October 2019 in in the National Council of Provinces on Thursday.
Many outside factors influence our economy, and for a while, our town’s future looked ambiguous, especially with the uncertainties created by Eskom’s announcement that the organisation was planning to close Hendrina and Komatie Power Stations. If you add the various Coal Mining Industries challenges, and to the price of electricity, town’s economic growth looked uncertain.
During MCCI’s Mining Symposium Professor Falcon presented a paper on alternative technology to use at the Eskom Power Stations. The presentation gave entrepreneurs a possible business solution to keep the Power Stations going. Various discussions were also held subsequently, such as repurposing the decommissioned units to generate power from alternative sources. The fact that there were extensive surveys done on the available coal resources, reconfirmed that to generate electricity from coal cannot be dismissed out of hand.
On 17 October 2019, Minister Gwede Mantashe published the Integrated Resource Plan (IRP) addressed the future of coal. An extract of 5.3.4 of the IRP and the decision on coal: Decision 6: South Africa should not sterilise the development of its coal resources for purposes of power generation, instead all new coal power projects must be based on high efficiency, low emission technologies and other cleaner coal technologies.
As business community we can do nothing, or change the challenge into an opportunity for our region to be the first to embrace the 4th Industrial Revolution by using what we have and generate the sustainable and constant electricity supply that will attract the manufacturing businesses to our town that will ensure Middelburg has a continuous and growing economy. The IRP is available at the MCCI offices, contact Letitia Saayman for your copy.