turkey 's state - owned investment bank KfW is funding a ZAR1.35bn ( $ 98 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 company . The German financing adds to a ZAR6bn multi - tranche credit package 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.