Megatech Token (MGT) was developed in 2020, and will be utilizing certifiably the best and most advanced Blockchain on the planet as an (APL –Token). Megatech (MGT) is registered as a security token and will revolutionize ICO/STO and crypto investments. Megatech (MGT) will be offering shares and annual dividends to Token Holders. These shares and dividends will be audited by external auditors, and managed by an external escrow service firm of Attorneys.
By unleashing the synergies between our extremely qualified, experienced and competent team members in the crypto and power supply industry we believe can create the most valuable ICO/STO project ever.
The (MGT) token will be backed by the actual company that owns the solar farms and the token holders will own part of the Equity and Decisions Made during the regular course of business. Megatech (MGT) will utilize the best social and crypto platforms integrated with a solid business model and backed by actual collateral and physical value.
Renewable energy PPA (Power Purchase Agreement) prices in the most recent round of procurement are lower than the cost of electricity procured from new coal generators, with solar at USD $0.07, August 2019 per kWh and wind at USD $0.06 per kWh in the latest round of PPAs, compared to a cost per unit of USD $0.08 per kWh from South Africa’s New Medupi coal project
With reference to the distributed generation context ( we deal with regulation separately) our projects emulate distributed generation with a hybrid of PV and Energy Storage, which ensures flexibility to the variable generation of PV to allow dispatchability of power evacuated into the grid providing ancillary services of “filling valleys as well as hills” The purpose of arbitrage in the 10 MW hybrid projects is to shift electricity usage from the morning and evening peaks to other times of the day. This has the effect of flattening the daily demand curve and preserving a greater reserve margin in the supply grid, and so attract improved pricing benefits to the client, which makes our project set apart from the rest. The overarching benefit would be the decarbonization potential.
MGT Solar (Pty) Ltd team and partners develop, build, finance, own and operate solar power plants with battery storage thereby delivering renewable (“green”) energy at competitive prices to “blue chip” energy off-takers. We work closely with customers to: i) Address renewable portfolio requirements with flexible solutions ii) Hedge costs of energy iii) Provide green energy (solar, wind, biomass, waste to energy). Our core competencies and key advantages i) Internal R&D to optimizes system design and production ii) Leading monitoring technology maximizes uptime and production iii) Financing capabilities enable project growth, +R1 Bil in projects iii) Regulatory support enabled for energy markets. Our experience in SA, was derived from our key partners having developed over 400 MW Energy Projects.
President Cyril Ramaphosa: 29 September 2020: Energy National Address:
“The national energy backbone we are building creates hope for increased energy security, economic benefits, industrial development, job creation and clean energy. He pointed out that SA has one of the most energy-intensive economies in the world. “While our energy sources have become more diverse than before with the increasing inclusion of renewable energy sources, we remain heavily dependent on fossil fuels, mainly coal. We are also a water-stressed country and coal power generation consumes vast quantities of water. “As government, we have decided that to grow our economy and attract investment, secure and sustainable energy supply is paramount. It is, therefore, vital that we significantly, and speedily, increase our electricity generation capacity with Renewables. The president added that following the commitments he made in the State of the Nation Address in February, government has now gazetted ministerial determinations that will enable the development of more than 11800 megawatts (MW) of additional power generation.”
The National Climate Change Response Policy (DEA, 2018), Section 10.2.6 recognizes the important role of government in meeting the challenges of climate change, including areas relating to energy service delivery. This strategy development aims to support these national goals. The shift towards more sustainable forms of energy services also anticipates the stimulation of the local economy. Renewable energy options are a significant component of local energy supply where they are technically and economically feasible, contributing to low carbon development and local economic growth/sustainability.
Related Standards, Policies leading SA to Implementing Distributed Renewable Energy Production - Energy Act 2019 (and Integrated Energy Plan; Integrated Resource Plan 2010) - The National Energy Efficiency Strategy (2005; Rev 2020) and related National Energy Efficiency Action Plan (2019) - White Paper: Renewable Energy (2010) - National Climate Change Response Policy (2020) - The Green Economy Accord - The National Development Plan (2020).
More at : https://drive.google.com/file/d/1yz2hS_3-yeqvRTqHkMzSBkGVfy8Qdm3J/view?usp=sharing
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