GhanaReview International - The Leading Ghanaian News Agency
London New York Accra
GRi Latest News
Sunday 25 June 2017

2017-05-26

[N] Adom FM’s ‘Y3gye y3 sika’ demo attracts over 2,300 protesters
[N] Gun attacks in Tema not robberies – Police
[N] Family of three electrocuted at Kpone
[N] Kufuor commends Raising Readers initiative
[N] Atuguba, Kumbour to speak at maiden revolutionary lecture series
[N] Two defiant galamseyers busted
[N] Fourteen Takoradi fire victims to be transferred to Interbeton
[N] Hajj: Fate of 452 pilgrims ‘left-behind’ in 2016 still hanging
[N] EOCO rescues seven girls
[N] Nana Addo jets off to Liberia today
[N] Don't beg for corrupt officials - President cautions  
[N] Leaked sex tape involving two SHS students goes viral
[N] Man shot in Wa

2017-05-24

[B] Employers’ Association proposes extension of maternity leave by 2 weeks
[B] Producer price inflation drops to 4.8%
[B] EU, GIZ to support skills development with €10.7m
[B] 6 concessionaires to start inspection of ECG assets - Ing. Owura
[N] Man grabbed over Kumasi murder
[N] End cycle of vindictive politics - Nyaho to Akufo-Addo
[N] Values of hard work and honesty fading - Chief Justice
[N] Finance Ministry gives clearance for allied health workers employment
[N] Learn from my mistakes; don’t buy tractors for farmers – Mahama to Akufo-Addo
[N] NDC foot soldiers benefit from LEAP
[N] Phone tracker leads to arrest of robber
[N] Re-arrest Delta Force 8 now - PPP
[N] CEO busted in $1.2m bribery scandal  
[N] Galamsey Queen goes ‘mad’
[N] Police issues crime alert
[N] Man kills sister-in-law
[N] BNI probes 3 Mahama appointees over $4m graft
[N] I was jailed 3 years because of Aisha Huang - Former aide
[N] MP begs Kumbuor over false ‘military galamsey’ claim
[N] Pregnant nurses protesting exam ban won't be victimized
[N] Ghana Gas helicopters not missing – Kwabena Donkor

2017-05-23

[B] Tullow eyes new fields beyond Jubilee & TEN
[B] ECG concession: bidders reduced to 6; MIDA sets eyes on financially viable bidde
[B] Former MP demands details on the 150 investors for ‘1-district, 1-factory'
[B] We need power to turn economy around – Agyarko
[S] Akufo-Addo's changes to ECG 'sale' agreement quite impressive - PUWU
[N] Kumbuor approved military protection for Ukraine, Russia galamseyers – MP
... go Back
 
Business

[ 2017-03-20 ]

S.A’s Eskom signs R6bn deal with France’s AFD
Eskom and AFD today signed a R 6 billion (€400
million) multi-tranche framework agreement to
support Eskom investments in the extension and
reinforcement of its power transmission grid.


Eskom’s Chief Financial Officer Anoj Singh said:
“This multi-tranche loan facility will contribute
towards Eskom plans to strengthen and refurbish
the transmission infrastructure while diversifying
our funding structures.”


AFD’s funding will focus on transmission lines and
substations that support grid strengthening in
areas where the development of future renewable
energy sources are envisaged as well as to support
the facilitation of cross-border transmission
projects. As such, the funding will contribute to
AFD’s global objective of dedicating 50% of its
funding to development projects that have a
climate change co-benefit.


AFD’s Chief Executive Officer, Rémy Rioux, said:
“This new funding to Eskom reiterates the
willingness of AFD to be a key financial partner
of the South-African utility. Since the beginning
of our engagement with Eskom, almost 10 years ago,
we have made the choice to focus our support on
targeted areas where we believe a development
finance institution like AFD can provide the most
value-added, i.e. renewable energy production,
renewable energy related grid reinforcement and
expansion, as well as technical knowledge
sharing.”


This funding represents the first multi-tranche
facility approved by AFD in the African continent.
This new instrument recently developed by AFD
opens a 3-year window during which the funding is
made available to Eskom to finance projects that
are compliant with eligibility criteria that have
been agreed upon between AFD and Eskom, namely: be
part of Eskom’s Transmission Development Plan,
contribute to the evacuation of the renewable
energy (existing or future) and/or facilitate the
development of cross-border transmission
networks.


This multi-tranche facility provides Eskom with
mid-term visibility on the availability of funding
for its Transmission Development Plan. It also
reinforces AFD’s position as a long-term partner
of the South-African power utility – since its
first €100 million financing approved in 2007 for
the Sere wind farm, and the recent signing a €150
million (R2.3 billion) facility to support Eskom
investments in the distribution network.


The multi-tranche facility has been approved while
the partnership between Eskom and Électricité de
France (EDF) – that was entered into in November
2015 – is completed. The partnership grant
provided by AFD and the French Ministry of Finance
focused on knowledge, experience and expertise
sharing between the two utilities, on various
areas, including smart grids. The partnership has
produced recommendations that will improve
performance in terms of system efficiency and
reliability. The multi-tranche facility will build
on the results of this partnership to develop
projects.

“We appreciate AFD’s long-standing commitment and
support and are pleased that we can continue the
valuable partnership with this organisation whose
mission is to improve and support Africa’s energy
development goals and mobilise resources for the
continent’s economic and social development”, said
Eskom’s Interim Group Chief Executive Matshela
Koko.

Source - CNBC Africa



... go Back

 
Add YOUR View here

Ghana Review International (GRi) is published by Micromedia Consultants Ltd. T/A MCL - a wholly Ghanaian owned news agency. GRi is an independent publication and is non-aligned to any political party or interest group, within or outside of Ghana. It is a reliable source of information for Ghanaians and non-Ghanaians alike. This magazine will be of interest to any person with an interest in Ghana, Ghanaians and Africans, wherever in the world they live. This website is the on-line arm of the publication. It contains news and reviews on Ghana and the international communities.

All pages are © Copyright Ghana Review International (GRi) 1994 - 2016