A quest to supply SA with clean, alternative energy | IOL Business Report

South Africa News News

A quest to supply SA with clean, alternative energy | IOL Business Report
South Africa Latest News,South Africa Headlines
  • 📰 IOL
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

A quest to supply SA with clean, alternative energy

JOHANNESBURG - Entrepreneur Andri Hugo is on a quest to position Novo Energy as a leading supplier of clean, alternative energy and authority in the natural gas economy of South Africa.

In an interview with Business Report, the businessman says the Novo Energy is committed to providing integrated energy solutions in South Africa and help the country move away from its coal based economy, among other things. “There are lots of energy reserves in southern Africa. Africa has been blessed with an abundance of resources, including minerals, energy, natural resources and human capital. A combination of these, through industrial activity, can address most of the socio-economic challenges we face.”

Hugo says they also supply the Johannesburg Metro Police Department with CNG as some of its vehicles run on natural gas, and Tshwane’s A Re Yeng Bus Rapid Transit system as all its buses run on CNG. “As a gas aggregation hub we can receive gas, process the molecules, and manage the logistics of getting the gas to our customers,” he says.

“Now because of this new infrastructure we can help them make the switch to natural gas – a cleaner more sustainable alternative energy that’s half the price and we can distribute gas anywhere in the country.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

IOL /  🏆 46. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JUST IN: Group Five placed in business rescue | IOL Business ReportJUST IN: Group Five placed in business rescue | IOL Business ReportThe group and its subsidiaries have said to have been experiencing cash flow difficulties due to significant operating losses.
Read more »

SA, Zimbabwe vow to expand economic ties, send condolences to Ethiopia | IOL Business ReportSA, Zimbabwe vow to expand economic ties, send condolences to Ethiopia | IOL Business ReportRamaphosa, Mnangagwa concluded the Bi-National Commission (BNC) in Harare on Tuesday, with calls for the expansion of trade and economic ties.
Read more »

SA to help Zimbabwe get back on its feet | IOL Business ReportSA to help Zimbabwe get back on its feet | IOL Business ReportRamaphosa said the SA Reserve Bank was engaged in discussions to help the Reserve Bank of Zimbabwe to secure as much as $7million (R99.8m).
Read more »

Finance Minister extends Mark Kingon's run as Sars acting commissioner | IOL Business ReportFinance Minister extends Mark Kingon's run as Sars acting commissioner | IOL Business ReportThe Minister of Finance has re-appointed Mark Kingon as Acting Commissioner of the South African Revenue Service for a further period of 90 days.
Read more »

Cele to meet union bosses in mine strike | IOL Business ReportCele to meet union bosses in mine strike | IOL Business ReportPolice Minister Bheki Cele is today scheduled to meet union bosses and Sibanye-Stillwater management in Carletonville.
Read more »

Standard Bank to close 91 branches, thousands of jobs on the line | IOL Business ReportStandard Bank to close 91 branches, thousands of jobs on the line | IOL Business ReportSouth Africa's Standard Bank today announced that about 1200 jobs will be on the line after it decided to close 91 of their branches.
Read more »

Motsepe's African Rainbow dumps struggling EOH | IOL Business ReportMotsepe's African Rainbow dumps struggling EOH | IOL Business ReportCompany's decision was not triggered by any of the recent events that have engulfed the embattled technology and outsourcing company.
Read more »

Customer behaviour triggered Standard Bank move to close 91 branches | IOL Business ReportStandard Bank spokesperson Ross Linstrom said the group had re-looked at its retail and business banking delivery model to meet its customers' needs.
Read more »

Unions react to potential job losses at Standard Bank | IOL Business ReportUnions react to potential job losses at Standard Bank | IOL Business ReportSouth African Federation of Trade Unions (Saftu) general secretary Zwelinzima Vavi said job losses in the banking sector was a race to the bottom.
Read more »

Ex-Steinhoff bigwigs structured deals that 'substantially' inflated profits, asset values | IOL Business ReportEx-Steinhoff bigwigs structured deals that 'substantially' inflated profits, asset values | IOL Business ReportThe report by PwC auditors made note of a number of deals were implemented over several years that enabled Steinhoff to artificially boost earnings.
Read more »



Render Time: 2025-02-24 18:59:06