Sappi aims to produce more power for SA grid
Pulp and paper producer, which has been selling electricity to Eskom, is eyeing green chances to raise revenue
04 August 2022 - 12:51
UPDATED 07 August 2022 - 17:20
Pulp and paper producer Sappi, which posted record profits in the third quarter of its 2022 financial year, aims to boost its self-generating power capacity to supply electricity to the struggling national grid.
This comes after President Cyril Ramaphosa’s announcement that, to address the shortage of megawatts, the ailing state-owned utility Eskom aims to purchase additional energy from mines and paper mill companies that have surplus power...
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