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Mediclinic to procure renewable energy

In a R2.1bn deal.
Image: Supplied

Private healthcare group Mediclinic International Plc said on Friday its southern Africa division had agreed to procure renewable electricity through Energy Exchange in a deal worth up to $152 million (R2.1 billion).

Procuring renewable energy, specifically electricity, forms part of the group’s strategy, which has set an ambitious target to become carbon neutral by 2030, South Africa’s biggest private hospital group by market value said.

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South Africa, the continent’s worst polluter, emits millions of tonnes of carbon dioxide into the atmosphere each year, much of it from coal-fired power plants that still provide most of its energy.

Climate considerations have become a greater concern for investors, with some pulling out of local multibillion-dollar coal-fired power plant projects and halting direct funding.

Companies are also trying to curb their reliance on ailing state utility Eskom, which regularly implements electricity outages.

“While Mediclinic strongly believes that the use of renewable energy is important in ensuring a healthy planet for future generations, reducing consumption by investing in energy-efficient equipment and renewable energy sources also assists in mitigating rising electricity costs,” Mediclinic said.

In addition, the agreement with Energy Exchange of Southern Africa will likely provide an economic benefit as the annual tariff increases are expected to be inflation-linked, it added.

Energy Exchange is currently the only platform able to connect businesses with electricity generated by independent power producers (IPPs) in South Africa and which will have the necessary agreements in place with the state utility provider Eskom and local municipalities to make use of their networks, Mediclinic said.

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Good luck with this. Especially when the sun goes down. And on windless days. And in a few years time when all the super batteries and sun panels goes to the dump.

Yeah, there is no way that they could replace the panels or do any kind of maintenance.

Whines about batteries then also makes the genius comment about sunless days.

What an absolutely inane comment. I expect nothing less from the kitchen language speakers.

End of comments.

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