South Africa - ESKOM II Loan


Project Summary

Approval Date 15 Dec 2015
Signature Date 06 Jul 2016
Planned Completion Date 05 Mar 2018
Last Disbursement Planned Date 05 Mar 2018
Sovereign / Non-Sovereign Sovereign
Sector Power
DAC Sector Code 23010
Commitment U.A 7,308,125.17
Status Implementation

Project General Description

The corporate loan will assist Eskom, South Africa’s electricity company, to complete its Capacity Expansion Program (CEP). The program, to be rolled out over a 5-year rolling period (2015/16 – 2019/20), will deliver major transmission lines, refurbishments, substations, and additional generation, including completion of: Ingula Plant (1332 MW), Medupi Plant (4764 MW) and Kusile Plant (4800 MW). This will enable Eskom to increase its generation capacity, reduce reliance on expensive diesel-fired power consequently contributing to its medium/long-term financial sustainability. This will breed new economic competitiveness in South Africa and the wider region. Through its combined public and private sector interventions, the Bank will seek to strengthen the dialogue with Eskom so as to ensure adherence to international best practices.

Project Objectives

The program is aimed at restoring South Africa’s business competitiveness, while improving health (i.e. reducing respiratory deaths/accidents), promoting gender equality (e.g., women spending less time collecting firewood/business opportunities), and increasing access to ICT for the population.

Beneficiaries

Eskom’s CEP is focused on catalyzing economic growth and job creation in South Africa and the wider region. For example, 9940 new jobs will be created and 13406 new connections made.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-ZA-F00-006
Last Update 31 Oct 2019

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Contact Details

Name JABBA Rafael Jose
Email r.jabba@afdb.org

Geographic Location

Country South Africa