AfDB 'empowers' Eskom for expansion projects

Thursday, May 15, 2008

Johannesburg: Reuters news agency reported yesterday that the African Development Bank had lent South African power utility Eskom a whopping $500 million to fund a multi-billion dollar electricity expansion project.

Eskom has, until recently, been battling to meet the electricity demand of a growing economy which the power utility has blamed on an inadequate coal-generated power.

This has affected neighbouring states such as Botswana which imports over 70 percent of its electricity from Eskom.

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