The World Bank Group is considering financing US$500-million (R9-billion) of South Africa’s participation in a new credit guarantee facility meant to unlock private financing for a massive transmission grid expansion plan, a senior bank official said.
South Africa is courting private investment for an ambitious plan to add 14 500km of new lines and enhanced transformer capacity over the next decade, at an estimated total cost of $25-billion, as it looks to emerge from a decade of crippling power cuts that have battered the economy.
The proposed credit guarantee vehicle aims to help overcome transmission infrastructure bottlenecks that have held back some 20GW of renewable energy from…
Education Initiatives: Some media organizations run educational programs to
promote media literacy and critical thinking among the public.
Zero Charisma
Fun South African Fact: South Africa’s drinking water is rated 3rd best in the world for being “safe and ready to drink”.
Burst Nibbler
Fun South African Fact: The first successful heart transplant was in a Cape Town hospital