The power grids in South Africa are not stable enough to meet local demand. That gave the nation’s leaders the reason to shop for foreign direct investments in the country’s energy sector. And so for the African nation, Iran, whose trade ban was recently lifted, is the best bride with the capacity to salvage the situation. Iran has the capacity to become the ninth major producer of geothermal energy in the world.
That explains why South Africa’s energy minister, Tina Joemat-Pettersson said last week that her country is ready to convert the Memorandum of Understandings, signed with Iranian government into trade proposals for conducting transactions, especially into the energy industry.
Joemat-Pettersson was in the trade delegation that accompanied President Jacob Zuma to Tehran, the Iranian capital where some memoranda were signed between the countries last week.
The minister stated that South Africa would highly appreciate the participation of Iranian companies in projects related to electricity generation from renewable energies including water, wind, sun and geothermal.
Her conviction is that “The economic mobility of the two countries would rely on energy cooperation and development of infrastructure.”
Joemat-Pettersson said “The power grids in South Africa are not stable enough,” adding, “we are hoping Iran’s Ministry of Energy will help stabilize our country’s electricity industry, and cooperate in the areas of monitoring and training South African experts in Iran”.
She believes that “South Africa’s relations with the European Union can serve as a good opportunity for Iranian companies to show their true potentials,” while noting that energy transfer face a lot of difficulties in the region.