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Discovery to link SA companies with power suppliers

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While the companies will enter a long-term contract with Discovery to purchase power, the cost may be as much as 20% cheaper than what Eskom is currently charging.

Discovery plans to link South African companies looking to reduce power costs or their reliance on fossil fuels with independent power producers who are selling renewable energy.

South African companies are grappling with the worst outages on record as Eskom, which provides almost all of the country’s electricity, has kept the grid from collapse by cutting power when it’s been unable to meet demand. Eskom still gets more than 80% of its electricity from coal. The country has taken measures to add generation from independent producers through government auctions, though the process has been delayed and some projects held up due to grid constraints.As a result, Discovery decided to build a platform that aggregates companies that want to buy renewable energy and match them with power producers that are trying to get into the market.

 

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