After developing the product with Eskom, Vodacom says it has signed a first-of-its-kind “virtual wheeling” agreement as part of a plan to procure all its electricity from independent power producers.
Former Eskom CEO André de Ruyter“[Vodacom wants] to start their own green power generation for their towers, but how do they get the electricity to the towers? That is where we will come in,” De Ruyter said during an interview.
With the virtual wheeling deal signed, Vodacom said it could execute the next phase of the plan — securing independent power producers under the same terms and conditions that underpin its agreement with Eskom. Vodacom said this complexity has prevented it from accessing large-scale renewable energy from IPPs. Virtual wheeling addresses these challenges.
“We explored a traditional wheeling option, but this had numerous limitations, which we believed could be overcome by reimagining the problem and using technology to solve the issue.”
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