ADB loans South African utility US$1.34 billion with part focus on renewables transmission
PV Tech
11 July 2016
The African Development Bank (AfDB) has agreed to loan Eskom, South Africa’s largest utility, US$1.34 billion to help upgrade and expand its transmission network following the success of its Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) .
Specifically, the loan is to be filtered into Eskom’s capital expenditure programme; part of which includes investments in transmission lines. South Africa’s national grid is strained due to the large amounts of variable generation that has been integrated. The creation of a transmission network to evacuate power from the IPP programmes will help reduce load shedding, therefore balancing the grid and increasing energy consistency and reliability. Read more here…
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