Eskom signs $160M power distribution deal with AFD
South Africa: South Africa’s largest utility company Eskom Holdings SOC Ltd. signed a 150 million-euro (nearly $160 million) credit agreement with France’s development agency to enhance reliability of the power grid and help the power company improve distribution of electricity.
South Africa: South Africa’s largest utility company Eskom Holdings SOC Ltd. signed a 150 million-euro (nearly $160 million) credit agreement with France’s development agency to enhance reliability of the power grid and help the power company improve distribution of electricity.
Funds provided by Agence Francaise de Developpement (AFD) will go toward distribution projects in the KwaZulu-Natal, Eastern Cape and Limpopo provinces, the utility states in the press release.
The money will finance investments for grid strengthening, refurbishments and reinforcements, the company said.
Source: Eskom
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