South Africa's coal-heavy power utility Eskom was in advanced discussion with the World Bank to secure a $3,7-billion loan for its capital programmes, including $500-million for a concentrated solar power plant (CSP).
Speaking at the National Energy Regulator of South Africa's public hearings in Midrand on Thursday, acting chairperson and CEO Mpho Makwana said that the negotiations were at an advanced stage.
Eskom MD corporate services Dr Steve Lennon revealed that the initial CSP facility would have a capacity of 100 MW and would be used by the utility to prove the technology.
The plant would be built in the Upington area of the Northern Cape, where a site had been identified and secured.
Part of the capital cost would be funded using money flowing from the Clean Technology Fund, administered by the Washington-based institution, and the balance directly from the bank.
Lennon noted that Eskom was convinced that there were many other solar prospects that could be pursued by the utility and independent power producers.






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