South Africa: AfDB loan for grid expansion

The African Development Bank has approved a ZAR2.89bn ($217.9m) loan to Eskom Holdings to help finance the upgrade and expansion of transmission facilities. The funding supports the Eskom Transmission Improvement Project, which will see the construction of 555km of 400kV transmission lines in KwaZulu-Natal and Mpumalanga province and the upgrading of substation equipment and improvement of substation earth mats in Mpumalanga.