The hospital group made the announcement just as President Cyril Ramaphosa announced that government is increasing the limit on self-generation of power from one megawatt to 100MW and that new “power stations” will soon be able to sell excess electricity to the national grid.

Mediclinic has signed an agreement with Moshesh Partners to install solar photovoltaic generating systems at six of its hospitals. The solar systems will generate electricity that will be used by the hospitals directly, with Mediclinic saying that it will save costs and relieve pressure on the national grid.

The group has signed a 12-year power purchase agreement with Moshesh Partners, with the option to extend it to 25 years.

Moneyweb