Embedded generation investment a begrudging tonic for the economy

While South Africans lament having to make the grudge purchase of embedded electricity generation capacity, it has been a tonic for the economy in terms of investment, Standard Bank chief economist Goolam Ballim has said. Speaking at Standard Bank’s headquarters, in Johannesburg, on February 9, he added that, with the level of investment in embedded electricity generation, South Africa could add up to 1 GW a year, which would equate to about one level of loadshedding reduction.