Date: Apr 02, 2019

The renewable energy integration and transmission augmentation project will be used to support the development of grid connection infrastructure as well as renewable energy to reduce the country’s reliance on fossil fuels.

Eskom and the New Development Bank have signed a loan agreement amounting to around R2.5 billion for renewable energy integration and transmission augmentation project.

The loan was signed by the bank and Eskom’s CFO Calib Cassim during the fourth annual meeting in Cape Town.

This project will be used to support the development of grid connection infrastructure as well as renewable energy to reduce the country’s reliance on fossil fuels.

The project is also expected to integrate a total of 670 megawatts of renewable energy into the Eskom grid.

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