South Africa is currently facing a drastic energy crisis; widespread national-level blackouts become more frequent as electricity supply falls behind electricity demand, threatening to destabilize the national power grid. As an answer to this crisis, South African company Megatech (MGT) is propulsing itself and the country into the web 3 revolution.
For a short period up to September 10th, Eskom was in the process of cutting 2 000 megawatts of energy from the national grid, however, that number was sadly amended to a 4000-megawatt cut, extending to September 12th. The country has now experienced 96 days of power cuts within the year. This has dampened the country’s economy, which is unsurprising as the world of finance and business is so heavily reliant on consistent electricity to run computers and machines.
As an answer to this problem, Megatech is currently moving to establish among its solar areas (called Project Beta) in Hertzogville Free state, South Africa, which is a 60-megawatt plant linked to a 100-megawatt per hr (MWh) modern storage space innovation device. This permits optimum effectiveness and also, consequently, optimum sustainability.
The suggestion behind Megatech is to resolve the power supply dilemma in South Africa, which would drastically improve the country’s economy and the lives of its citizens.
Megatech, in answer to Africa’s and the world’s energy problem, by utilizing blockchain technology, MGT provides token holders with financial returns on solar fields owned by the company. The first field, called project Beta, is a 60MW solar farm and will include 100MWh of state-of-the-art storage technology to ensure maximum profitability and the opportunity to sell green renewable energy at peak rates to blue-chip listed entities; that have already signed commitments for offtake.
Furthermore, 40% of all financial gains realized from this project and future pipeline projects will vest in the MGT (PTY) LTD custodian company which fiduciary directors independently manage on behalf of the token holders who participate in the performance staking program.
Elouan Le Couteller