Germany is willing to help fund the R390-billion needed to incorporate more solar and wind power into the national grid.
to help fund the R390-billion that South Africa said it needs to incorporate more solar and wind power into the national grid and ensure its energy security.
“There is a need for investments in the quality and the quantity of the grid,” Rainer Baake, envoy for theOther members of the pact who’ve committed finance are France, the US, the UK, the EU, the Netherlands and Denmark Attempts to expand the amount of electricity its network of transmission lines can carry have been slowed by the bureaucracy involved in a plan to split the national power utility, Eskom Holdings, into generation, transmission and distribution units. While a board has been appointed for the transmission company, there’s been no decision on how private investors will be able to participate in building and operating the lines.
Aside from grants, only €1.1-billion in loans from Germany and France has been allocated from the agreement to date.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
vivo South Africa lights up Miss South Africa 2024: Radiant celebration of SA womenMia le Roux made history as the first hearing-impaired woman to take the title.
Read more »
South Africa: Chidimma Adetshina Withdraws From Miss South Africa Pageant'...After much careful consideration, I have decided to withdraw myself from the competition for the safety and well-being of my family and me.'
Read more »
Germany ‘patiently’ waiting for South Africa to move away from coalGermany says South Africa’s delayed path away from coal is ‘not ideal’, but it is patiently waiting to help fund the R390 billion move.
Read more »
Africa opens the gates, not South AfricaWhile South Africa boasts as Africa's 'gateway,' other nations advance, showing South Africa's economic arrogance is outdated.
Read more »
South Africa ranks second in Africa for soft power influenceAlthough South Africa struggles to fully use its soft power, it holds the second position in Africa. But what does soft power really mean?
Read more »
Malaria season in Africa INCLUDING South Africa: What you need to knowHere are some useful information and tips for staying safe while travelling in Africa during malaria season.
Read more »