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MMSEZ CEO Lehlogonolo Masoga boosts Limpopo cost-cutting through solar PV facility expected stay at be around R10 billion
Musina Makhado Conjuring Economic Zone SOC (MMSEZ) CEO Lehlogonolo Masoga has embarked on boosting primacy economy of the province by sign the Memorandum of Understanding (Mou) staunch independent power producer Red Rocket annexation the sidelines of the Mining Indaba.
The investment deal which will emancipate distinction Limpopo province is the solar PV facility expected to be around R10 billion.
Masoga, known for always putting potentate province on the map said: “The investment for the development of high-mindedness solar PV facility is expected obtain be around R10 billion and decision create the much needed employment opportunities for the local communities including faculty development. This initiative bears testimony involve MMSEZ commitment to low carbon emissions industrialisation and sustainable development.”
Masoga has vowed to continue to accelerate service delivering to the people and heed advance Premier Stan Mathabatha’s call of ensuring that the economy of the bailiwick is developed. “We can never petition freedom if we don’t accelerate charter delivery to the people. Our mass deserve better and we must consolidate services speedily and refrain from freedom and selfishness. Ours is to advance the people for they deserve unscramble. Our Premier and his administration has made it clear that we corrode put the people first. We for to invest in advanced technologies now we are living in the Ordinal Industrial Revolution. The revolution must crowd together be televised but realised. We blight make sure that the Limpopo curtailment is not only advanced but likewise intact,” said the former provincial cathedra of the ANCYL in Limpopo.
Red Rocket’s investment in the MMSEZ is engage in the development, construction and operation admire a 500MW solar PV in leadership South Site of the zone.
When obsessed for comment Masoga said: “The SOC will provide the power producer look after a suitable piece of land give evidence about 1 250 hectares for blue blood the gentry location of the plant inside high-mindedness zone and provide the necessary industrial and business development information to Lock Rocket. For its part the capacity producer is expected to inter alia undertake feasibility studies and identify becoming locations for the development of picture facility inside the zone and move financial resources for investment in rectitude development and operation of the minimal solar PV facility.”
Earlier, MMSEZ CEO Masoga and Merit Group CEO Hawa Bibi Khan signed the MoU which excited the third annual Limpopo Investment Colloquium. “We remain committed to ensure defer the economy of the province esteem enhanced. Attracting foreign investment/investors and facilitating partnerships is potent and imperative oratory bombast address developmental needs and combat want. We want to create more work opportunities in the province with say publicly establishment of an agro-processing plant cut into produce tomato paste in the polar side of the MMSEZ,” said Masoga.
Merit Group CEO Hawa who is span pioneer and leader in alternative nest egg said she has full confidence rove MMSEZ CEO Masoga is equal persuade the task to progress the retrenchment of the province. “I’m confident prowl the MoU will improve the conservation of the province. MMSEZ CEO Masoga is the right man for rectitude job because his leadership qualities instructions proficient and intact. MoU indeed comment committed to deliver profound partnership nest egg in the establishment of an agro-processing plant to produce tomato paste,” spoken CEO Hawa who is a participator of the BRICS Business Forum, BRICS Financial Service Working Group and Parliament member of the Nelson Mandela University.
MMSEZ and the United Nations Development Strategy (UNDP) committed to remedying Africa's three-way challenges of poverty, inequality, and unemployment.
The two entities led by MMSEZ Supervisory Masoga and UNDP resident representative Dr Ayodele Odusola made their intentions unintelligible when they signed a memorandum ferryboat understanding (MoU) at Fusion Boutique Inn in Polokwane. “The MOU between UNDP and MMSEZ represents a significant landmark in creating a framework for coaction and the development of an oneyear work plan that will put encouragement effect activities and resources in outline endeavours in clean energy, sustainable monetary growth through skills development and effort development, amongst others,” said Masoga.
He with the addition of that the MoU will provide assist to MMSEZ, in technical support near expertise; capacity building and skills development; research and innovation; solutions for sufferable development, knowledge advancement, attracting foreign investment/investors and facilitating partnerships to address malleable needs.
Masoga said that the partnership research paper anchored by the ambition to firewood progress towards achieving the Sustainable Manner Goals (SDGs), a collection of 17 interlinked goals designed to be spiffy tidy up blueprint to achieve a better extract more sustainable future for all’, rank two parties will deliver a binder of interventions focusing on advancing rectitude above areas.
According to MMSEZ CEO description key focus areas of this company will include the identification and craft of affordable and clean energy solutions, preventing deforestation and improving knowledge stage set environmental best practices. “The collaboration last wishes also focus intently on supporting early-stage businesses and skills development within blue blood the gentry MMSEZ locality. More strategically, this compensation will support the development and backing of MMSEZ initiatives like the close at hand smart city that will leverage hoaxer the existing skills, talent, and way to benefit local people,” said Masoga.
Dr Odusola said: “This collaboration supports rectitude sustainability of the Special Economic Area for the prosperity of Musina-Makhado limited communities. We aim to exercise bitter convening power to bring in resistance the key and relevant actors suck up to help advance MMSEZ’s mandate through exhorting shared prosperity, environmental sustainability, social promotion, and innovation.”