M a r k e t N e w s

Seimens to support gas-to-power generation in South Africa

Posted on : Tuesday, 4th October 2016

 Siemens has stated that it is committed to support gas-to-power generation in South African through its supplier and enterprise development initiative

“Adding gas-to-power generation to the South African energy mix will be a major driver of economic prosperity, adding billions of rands to GDP and thousands of new jobs”, said Sabine Dall’Omo, CEO of African engineering giant Siemens.
Generating clean and efficient power from gas will boost SA’s power-generating capacity, improve grid stability and increase revenue through energy exports to other African countries.
“Gas-to-power is a globally proven energy generating technology that presents new and exciting opportunities for SA. It holds the potential to attract billions in foreign direct investment, in addition to creating thousands of jobs throughout the entire energy value chain,” Dall’Omo added.
Localisation is essential for SA to get the most benefit from gas as a power source, she says. “Localisation in the gas sector will make a measurable difference to socio-economic upliftment, particularly by boosting the number of empowered entrepreneurs.”Siemens is already committed to transformation and localisation programmes in South Africa through its supplier and enterprise development initiative, where it has invested in excess of R20-million over the past two years.
“It is about more than just financial investment,” Dall’Omo says. “We nurture and develop black-owned partner businesses from grassroots level, and incorporate our global good governance, compliance and ethical business mentoring into the programme, to give rise to a new and empowered generation of entrepreneurs.”
Siemens offers the complete portfolio of high efficiency turbines and complete turnkey solutions with local partners that have been proven worldwide in gas-to-power projects.

Source : www.oilreviewafrica.com
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