According to a report on the South African business technology website on September 8, KfW (KfW) provided a R4 billion (approximately US$214 million) loan to South Africa’s National Electricity Company (Eskom) to strengthen its operations in the Northern Cape and Western Cape. Cape Province's electricity transmission network. The German Embassy in South Africa stated that South Africa will need to build approximately 1,400 kilometers of transmission lines per year by 2030 to meet its energy needs.
The sovereign loan, part of the $8.5 billion Just Energy Transition Partnership (JETP), which requires approval from Eskom and South Africa’s Treasury, will help Eskom add 2,200 megawatts of renewable energy to the national grid.