Home Business Eswatini, US-based firm pursue energy security partnership
Business

Eswatini, US-based firm pursue energy security partnership

Share
From L - R: Ferdinand Schenck, Mariana Akopian (both from Baker Group of Companies), Director of Energy in the Ministry of Natural Resources and Energy Thabile Nkosi, EEC Board Chairperson Patrick Myeni and EEC MD Ernest Mkhonta. (Courtesy pic)
Share

MBABANE – Government has entered discussions with United States-based Baker Group of Companies to explore new avenues of collaboration in sustainable power generation and investment.

A high-level joint meeting was held on Monday between the Baker Group and three key ministries: Natural Resources and Energy, Commerce and Trade as well as Finance.

The meeting also included the participation of strategic national institutions – the Eswatini Electricity Company (EEC) and the Eswatini Energy Regulatory Authority (ESERA)  signalling a united front in the kingdom’s drive for energy resilience.

Speaking during the engagement, Prince Lonkhokhela, highlighted Eswatini’s urgent need to diversify and strengthen its energy generation capacity.

He stressed that energy security is no longer a luxury, but a necessity for sustaining economic growth, attracting investment and ensuring reliable electricity supply to citizens and businesses alike.

“The Kingdom of Eswatini is committed to a future, where we produce our own power using efficient, affordable and environmentally sustainable methods,” said the prince.

The meeting with the Baker Group of Companies, which specialises in infrastructure and energy solutions across several African and global markets, is expected to lay the groundwork for future joint ventures in renewable and alternative energy projects in Eswatini.

While specific project proposals are yet to be finalised, sources close to the talks indicate that areas such as solar power generation, energy storage solutions, and grid enhancement could be among the opportunities explored.

Following the strategic dialogue, the delegation proceeded to the Office of the Prime Minister for a courtesy visit to Prime Minister Russell Dlamini.

The prime minister’s reception of the delegation reflected government’s commitment to aligning global expertise with domestic priorities in a way that fosters inclusive growth.

“Collaborations like these are essential as we seek to improve our energy security and build a sustainable, investor-friendly economy,” said a government source briefed on the discussions.

The energy sector remains a critical enabler of Eswatini’s National Development Strategy and the country’s push towards industrialisation and improved service delivery.

More details in today’s copy.

Share
Written by
Nhlanganiso Mkhonta

Nhlanganiso Mkhonta serves as Business Editor at the Times of Eswatini. He reports on business, economics, finance, investment, entrepreneurship and public policy, producing insightful coverage and analysis of the issues driving Eswatini’s economy and the wider African business environment.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Public transport fares could increase by 25%

LOBAMBA – Public transport fares could increase by up to 25 per cent under a proposed adjustment by the Ministry of Public Works...

Freezing cold kills cattle at Hawane

HAWANE – A brutal cold snap has killed cattle in Hawane, leaving smallholder farmers counting losses of more than E60 000. The losses...

ESCCOM probe uncovers E17m paid into personal accounts

EZULWINI – An ESCCOM investigation has uncovered an alleged transfer of about E17 million into personal bank accounts. The purported financial irregularities involve...

How patience, passion build an empire

TaphesheyaLukhele is the founder and creative director of CraftyHook, a crochet brand from Eswatini built on creativity, passion and the belief that handmade...

Elderly man found dead in forest

MAPHUNGANE – An 80-year-old man from Mhlabubovu, Maphungwane, was found dead in a forest, with residents suspecting he may have succumbed to the...

Related Articles

SA’s Atana wins E1.15m road safety audit tender

MBABANE - South African consultancy firm Atana (Pty) Ltd has been awarded...

Trade deficit reaches E1.05bn in first 4 months

MBABANE - Eswatini’s merchandise trade deficit widened to E1.05 billion during the...

Eswatini stock market edges higher in July

MBABANE - Eswatini’s stock market edged higher in July, with market capitalisation...

CBE governor’s 4 priorities to shape financial system

EZULWINI - Central Bank of Eswatini Governor Dr Phil Mnisi has outlined...