Mayor Geordin Hill-Lewis delivered his maiden budget speech this week and said billions of Rand had been allocated towards making Cape Town SA’s first loadshedding-free city.
He says R45 billion will be invested, over the next three years, to encourage residents to generate their own electricity to bolster the City’s access to secure energy.
Hill-Lewis says residents can then also generate additional income, by selling their excess power back to the City’s grid, which can be relayed to other consumers.
The Mayor says to make Cape Town the country’s first loadshedding-free city, is a collective effort.
More than R1 billion will be spent to upgrade and maintain the Steenbras Hydro Pump Scheme.
Hill-Lewis says the City relies heavily on the dam’s electricity-producing abilities to protect residents from the more severe stages of loadshedding.
He says they will also incentivise commercial power producers to become net producers instead of net consumers thus boosting electricity availability to the Mother City.
Read Hill-Lewis’ budget speech here.
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This year, the City will spend R61.5 billion on doing more for Capetonians – more for safety, more for basic services, more for a growing economy.
Today we tabled the first budget of the new administration. We commit to spend every rand improving liveshttps://t.co/4RwsR4HD6Z pic.twitter.com/43CO27Jdsw
— Geordin Hill-Lewis (@geordinhl) March 31, 2022
Comment on the City’s draft 22/23 budget and new draft Integrated Development Plan.
We are Doing More for Safety, Services, and Jobs.
Read more: https://t.co/NbBOuPIWYq pic.twitter.com/Dr4odvfILo
— City of Cape Town (@CityofCT) March 31, 2022
