Eskom and AfDB sign $236M loan contract for transmission upgrades in SA

South Africa, Johannesburg: The African Development Bank Group (AfDB) and Eskom South Africa have signed a loan agreement of ZAR 2.8 billion ($211 million) and $25 million, which will be used to improve power transmission in Southern Africa.

This new loan agreement will see the construction of 436 km (of 400 kV) and 116 km of (132 kV) transmission lines and associated substations across Mpumalanga and Kwa-Zulu Natal provinces, as well as upgrade of substation equipment at various existing substations in Mpumalanga, the power company said in the press release.

It’s expected that this will support the integration of distributed generation, mainly large-scale renewable energy, into the transmission network, ensure reliability and security of electricity supply, and reduce transmission losses.

Source: Eskom