https://www.engineeringnews.co.za
Africa|Building|Construction|Energy|Eskom|generation|Infrastructure|Power|PROJECT|Renewable Energy|Renewable-Energy|Safety|SECURITY|Systems|Equipment|Maintenance|Infrastructure|Operations
Africa|Building|Construction|Energy|Eskom|generation|Infrastructure|Power|PROJECT|Renewable Energy|Renewable-Energy|Safety|SECURITY|Systems|Equipment|Maintenance|Infrastructure|Operations
africa|building|construction|energy|eskom|generation|infrastructure|power|project|renewable-energy|renewable-energy-company|safety|security|systems|equipment|maintenance|infrastructure|operations

Eskom, AfDB sign loan agreement to expand power pool in Southern Africa

Eskom acting CFO Calib Cassim

Eskom acting CFO Calib Cassim

Photo by Dylan Slater

27th November 2018

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

The African Development Bank group (AfDB) and South African power utility Eskom on Tuesday signed a loan agreement to the value of nearly R2.9-billion and about $25-million, to improve power transmission across Southern Africa.

This project contributes to the realisation of the AfDB’s New Deal on Energy in Southern Africa, one of the bank’s priority development areas, by ensuring capacity to add new connections in South Africa and the rest of the Southern African region.

AfDB Southern Africa bureau director-general Dr Kapil Kapoor said the AfDB and Eskom have had a long-standing partnership, through which the bank is supporting the transformation of this critically important utility.

He explained that the financing of the Eskom transmission project will result in a significant strengthening of South Africa’s transmission infrastructure.

“Not only will this improve the reliability and security of electricity supply but it will also allow for the integration of large-scale renewable energy into the transmission network, enhance network capacity for future load growth and ensure reduction in transmission losses,” he explained.

Building on these successes, the new loan agreement will see the construction of 552 km compising 436 km of 400 kV and 116 km of 132 kV transmission lines and associated substations across Mpumalanga and KwaZulu-Natal provinces, as well as the upgrade of substation equipment, including earthing systems at various existing substations in Mpumalanga.

It is anticipated that this will translate to the integration of distributed generation, mainly large-scale renewable energy, into the transmission network; and ensure reliability and security of supply, reduction of transmission losses, improved regional integration and safety of operations and maintenance personnel.

“We are encouraged by the level of support that we continue to receive from development finance institutions, such as the AfDB, which continues to be a significant partner and a key contributor to the progress achieved by Eskom in the execution of the current capital expansion programme,” Eskom acting CFO Calib Cassim said.

“We are particularly thankful for the continued support at a time when Eskom has made major advancements towards fully securing the R72-billion funding requirement for this year. These kinds of facilities are a demonstration of the bank’s mandate to contribute to the economic development and social progress of African countries,” he added.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

An image of Maltento CEO Dean Smorenburg, Cape Town mayor Geordin Hill-Lewis and Cape Town premier Alan Winde
Maltento aiming to bolster sustainability efforts
18th March 2024 By: Tasneem Bulbulia

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/03/2024)
15th March 2024 By: Martin Creamer
Magazine round up | 15 March 2024
Magazine round up | 15 March 2024
15th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.104 0.163s - 183pq - 2rq
Subscribe Now