The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Germany commits USD 100 million for development cooperation with South Africa

2 July 2018

As part of the development cooperation between South Africa and Germany, German Development Bank KfW and Eskom signed a development loan worth over ZAR 1.35 billion. The investment will benefit the South African energy sector and promote the integration of renewable energy power generation into the grid.  
 
On behalf of the German Government represented by the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW has committed a financial cooperation development loan to state-owned public utility Eskom, totalling USD 100 million (ZAR 1.35 billion). The funding will make a substantial contribution towards modernising and strengthening the transmission grid in South Africa, and to ultimately promote renewable energy power generation in the country.  
 
The loan will be used to co-finance three transmission projects that involve the upgrading of existing infrastructure and the building of new lines. Eskom intends to implement the selected projects to significantly improve security of supply, and to reduce transmission losses.

Read more...
 


Page 2 of 2


 
 
 
 
 
 
 
 
_________________________________________________

July 2018

 
 
.
_________________________________________________

Translater


 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 

 
 
 
 
 
 
 
 
 
 
 
 

© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.