- The City of Cape Town has secured R2,8 billion in development finance from the German Development Bank KFW to strengthen and expand its electricity grid.
- This funding forms part of our R39,5bn infrastructure investment from July 2024 – June 2027 under the City’s ‘Building For Jobs’ Budget.
- This is South Africa’s largest-ever three-year infrastructure investment by a metropolitan municipality, with the City investing over R4bn in electricity grid upgrades and maintenance over this period.
“The purpose of the investment is to improve the grid infrastructure of Cape Town to allow for the future integration of more renewable energy and an increase of grid-connected households,” said KFW in a statement.
“Some of it could be earmarked for projects including revamping upgrading the 180MW Steenbras hydropower plant and building a new solar plant, said Kadri Nassiep, Cape Town’s executive director of energy and climate change.
The City of Cape Town recently commissioned a solar PV plant at one of their waste water treatment plants. Read more
Cape Town Deputy Mayor, Mr Eddie Andrews, said that 130,000 construction-related jobs are expected to be created while energy reliability & support for renewable integration will be improved.
Author: Bryan Groenendaal
