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…
ADB loans South African utility US$1.34 billion with part focus on renewables transmission