[LISTEN] 'Over time, if we’re able to get this right, we can address the input cost and transfer the benefits back to our consumers,' – SunCityResort GM Brett Hoppé on SAfmRadio MarketUpdate with FifiPeters. Moneyweb SolarPower
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I was at Sun City over the weekend, and I know [the rest of] South Africa continued to experience load shedding. I didn’t experience load shedding while I was there, and so it must be because of the intervention measures that you as a company, like all companies, have put in place to ensure that your customers are not disadvantaged by the power cuts. How much is all of that costing you?
We’re spending R16 million, which is a relatively small amount. The privilege that we have with this particular project is that the generation is concurrent with the demand cycle. So ordinarily a project of this size would require quite a significant amount of storage, and once you start requiring storage obviously the costs rise incrementally; whereas with our production cycle in this aspect – the Convention Centre, the Valley of Waves and surrounds – that demand is met by the daily production.
As I was reading the article at the weekend, I thought that this probably would have happened anyway notwithstanding the electricity challenges in South Africa, given the fact that climate risks have been with us for a very long time – although more recently the world is listening more closely, given the climate-related disasters that we have seen unfold.
I think in the long term most certainly. It will obviously reduce our input costs. Consequently, we’ll be able to transfer the benefits of that, over time, back to the consumer. I think that’s a pretty exciting prospect because not only then are we reducing carbon emissions, reducing our footprint, but we are also able to pass benefits on to the customer.
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