Eskom Holdings Limited


Project Summary

Approval Date 28 Jun 2007
Signature Date 10 Nov 2008
Sovereign / Non-Sovereign Non Sovereign
Sector Power
DAC Sector Code 23220
Commitment U.A 354,160,321.29
Status Implementation

Project General Description

The Eskom Limited Company Investment Program aims to assist the South African Government in achieving the Accelerated Shared Growth Initiative (ASGISA) 6% per annum target of GDP growth from 2010. Eskom plays an important role in the South African economy in terms of job creation, universal access to electricity and economic development. The Investment Program will be critical to the realization of the Accelerated and Shared Growth Initiative (ASGISA) whereby the Government intends to halve the level of poverty and unemployment by 2014 and enable South Africa to achieve and sustain high average economic growth rates of 4.5% for the period 2004- 2009 and 6% between 2010 and 2014. The proposed investment program will also enable Eskom to continue to increase the level of service, thereby reducing poverty, promoting opportunities for the participation of marginalized communities in economic activity and improving the quality of their lives. It is comprised of (a) generation (b) transmission (c) distribution and (d) corporate operations.

Project Objectives

The main objective of the Investment Program is to meet the country needs in terms of electricity supply. Specifically, the project aims to: (i) ensure security of supply; (ii) improve operational efficiency; (iii) enhance electricity access rate from 72% to 100% by 2012 and (iv) foster sustainable development.

Beneficiaries

The direct beneficiaries of this project are Eskom Limited Company and The Government of South Africa Republic.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-ZA-F00-001
Last Update 30 Sep 2020

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Contact Details

Email private-sector@afdb.org

Geographic Location

Country South Africa
Coordinates Location Name
-28.4478 21.2561 Upington
-31.4833 18.0833 Skaapvlei