The World Bank has approved a USD 3.75 billion loan to South Africa, for financing energy projects in the country on the southern tip of the African continent.

The projects which will receive funding from the loan are the Medupi power plant in Lephalale, and concentrated solar power and wind energy projects, to be supported by Eskom. The loan is part of a multi-year investment program, which represents a foundation of the expansion of electricity generation capacity in South Africa.

[source: ESKOM]