SIEMENS wants to Invest in Eswatini
Technology firm and world renowned brand Siemens has registered keen interest in investing in the Kingdom of Eswatini’s energy sector.
Siemens representatives yesterday held interactive discussions with stakeholders involved in the country’s energy sector, a platform which was officially opened by the acting Minister of Natural Resources and Energy Prince Simelane.
Siemens also got the opportunity to unpack to the local market its products which could help solve the lack of security in the country’s energy supply.
In an interview yesterday, Siemens Head of Sales, Power Generation, Southern and Eastern Africa Mark Van Antwerpopenly registered the company’s interest in investing in the country. “We are basically in Eswatini today to make contact with different representatives from government, the private sector and other key stakeholders. Our session was more like a teaser and our team is quite impressed with the interactions we had as the participants had a lot of questions to ask,” Van Antwerp said, also adding that their primary goal was to sensitise the country on the company’s products which could bolster energy production in the country. Siemens comes to Eswatini at a time when the country is shaken by instabilities faced by South Africa’s power utility firm ESKOM which abruptly introduced the highly unpopular load shedding due to power generation failures in its major plants.
The country imports a huge bulk of electricity from ESKOM.
Van Antwerp also spoke about the products which Siemens has which could help Eswatini achieve the goals set in the country’s Energy Masterplan of 2034. The same document also identifies the lack of security in the country’s energy supply as a serious challenge facing the country. Some of the goals articulated in the Energy Masterplan of 2034 include providing energy for all, reducing load shedding and power cuts and ensuring reliable as well as affordable energy among others.
To address this challenge, this is what Siemens said in a statement: “In the age of renewable energy, long term planning is crucial for the transformation of the Kingdom of Eswatini’s energy systems and its access to sustainable energy growth.”
In the meantime, Van Antwerp also said that an important factor in the sustainable development and growth for Eswatini’s future is increasing the supply of electricity for domestic, industrial and commercial use throughout the country.
“At Siemens, we provide solutions for power generation, transmission and distribution. Our collaboration with Eswatini’s government can help the country achieve a sustainable energy future, to enhance the country’s socio economic development”.