Germany's state-owned development bank KfW is funding a ZAR1.35bn ($98m) grid enhancement scheme in South Africa. The project will help integrate several renewables projects in the Eastern Cape region, said South African power utility Eskom. In India, India's state-run National Grid Corporation (NGC) has signed an agreement with China's State Grid, which plans to build two new nuclear reactors at Kudankulam and Kalpakkam.
Germany's state-owned development bank KfW is funding a ZAR1.35bn ($98m) grid enhancement scheme in South Africa. The project will help integrate several renewables projects in the Eastern Cape region, said South African power utility Eskom. The German financing adds to a ZAR6bn multi-tranche credit facility granted through the French Development Agency last year.