Germany's state-owned development bank KfW is funding a ZAR1.35bn (6 billion) 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.
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.