Palapye.com News Blog

source: Mmegi
EDGAR TSIMANE
Correspondent

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.

The South African power utility has since suspended load shedding satisfied by consumers’ cooperation in saving power.

“Recent savings, particularly from industry, have shown that it should be possible to [continue reading]