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Tuesday, 28 February 2017 11:50

South Africa to invest $18B in electricity projects over 3 years

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South Africa, Johannesburg: South African Department of Energy will over the next three years invest $18 billion in the expansion of household access to electricity.

Approximately 90% of this amount will be allocated to national power utility, Eskom, reports ESI-Africa.

An additional $77 million has been put aside for 2019/20 to support the Integrated National Electrification Programme in financing grid and non-grid connections, and to build and upgrade substations and electricity networks.

The integrated national electrification programme also received a grant worth $1 billion to speed up the electrification of poor households over the next three years.

Source: ESI-Africa

Additional Info

  • Continent: South America
  • Category: Business