The World Bank announced that it had granted South Africa a $1 billion loan to support strengthening energy security and the transition to a low-carbon economy. The funding will help facilitate the restructuring of the electricity sector through the separation of the operations of state-owned Eskom Holdings. The split of Eskom Holdings into three separate entities (generation, transmission and distribution) aims to restore profitability to the company and integrate more private electricity producers into the network.
Source: Africa News Agency