Large companies may fine that they are unwittingly wasting a lot of energy. Not only does this cost the company a lot of money, it also uses up much needed energy that could be reallocated in South Africa. Sun International is likely to improve its energy efficiency in four of its main casino and hotel resorts.
Sun International Could Save 61% on Energy Costs
The National Business Initiative's Private Sector Energy Efficiency (PSEE) programme has recently audited Sun International's main properties. It was found, at least at one of the sites, that 61% could be saved in energy costs. If all four locations that were studied are made energy efficient, Sun International could be looking at a saving of R30 million. In addition to this, the company would be taking some of the pressure of the country's struggling power grid.
The suggested changes would include better insulation, and more energy efficient lighting systems. In addition to this, the staff would be trained to use energy more efficiently. Overall, the savings could be huge, and would improve Sun International's bottom line. It has been predicted that the cost of electricity for business in South Africa will increase by 47% between April of 2013 and the end of March 2018. Making the changes sooner rather than later would make sense for Sun International.
The four properties that were evaluated are The Golden Valley Casino, The Table Bay Hotel, The Windmill Casino and Entertainment Centre, and The Carousel.
The Carousel Casino and Entertainment World, which is located in the North-West Province, could save R7.5 million each year by switching to energy efficient operations. The saving for this operation would be a huge 61%.
The Golden Valley, located in Worcester in the Western Cape, could reduce its energy costs by 40%, which would result in a saving of R3.78 million. The Windmill Casino and Table Bay Hotel could each save approximately 29% of their current energy costs.
Sun International's Michael Farr Comments
The Sun International Group General Manager Brand and Communications, Michael Farr, commented on the issue: "Boosting energy efficiency offers not just an opportunity for Sun International to lower its energy costs but is also a chance for the company to do its bit to alleviate pressure on South Africa's power grid."
"All companies in South Africa need to do their bit to improve their energy efficiency efforts as part of the nationwide campaign to reduce waste and maximise the amount of power available to the wider economy," he said.