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Eskom secures much needed funding for grand expansion projects

# Eskom says it has managed to secure funding for the next three to four years to enable the implementation of transmission capital projects. The power utility has started executing grid expansion projects, 47 of which are at various stages of execution, and will help unlock 37 gigawats of new grid connection capacity. Eskom’s Transmission Development Plan indicates that around 53 gigawats of new generation capacity must be added to meet anticipated demand by 2032. The utility’s Leslie Naidoo says a challenge will be to determine where capital will be sourced beyond the next five years.