GhanaReview International - The Leading Ghanaian News Agency
London New York Accra
GRi Latest News
Sunday 17 December 2017

2017-11-20

[N] Akyem Asuom: Ursula Named Nkosuohemaa
[N] Funding for Free SHS not a problem -Assibey Yeboah

2017-11-14

[N] E/R: Driver, 19, Jailed 8 Years For Kidnapping And Defiling Girl, 13
[N] Special Prosecutor could wait till 2019 if parliament misses 2017 passage
[N] Petroleum Revenue Mgt. Act breached for 7-yrs running – PIAC
[N] CEDTAG Strike action leaves colleges of education deserted
[N] Nduom is not presidential material -Maurice Ampaw
[N] Police blame Kasoa violent attacks on under-staffing

2017-11-10

[N] GMA indicts gov't for failing to employ medical doctors
[N] Ministers are not allowed to use sirens; Police order immediate removal
[N] Stay focused and deal with your controversies – Nana Addo to Zoomlion Boss
[N] We will face criminals boot for boots with ‘Father Xmas’ Operation -Ken Yeboah
[N] Step aside – Group to NDC Chairmen
[N] School Feeding Coordinators Trade Insults Over Naabu & Otiko
[N] Major Mahama bill passed

2017-11-09

[N] Free SHS: Ablakwa Donates Furniture to Schools
[N] Girls with excessive make ups may have ovary tumour – doctor
[N] Visitors pay GHc2 to see prisoners
[N] Consider our request to contest 2020 polls -NDC Chairmen to Mahama
[N] Colleges of Education still closed as talks over arrears fail  
[N] Economic policies paying off - Prez
[N] Cancer disfigures head of 2-year old, sticks mother with ¢12,000 bill
[N] There is corruption in police service- COP Ken Yeboah
[N] 3 arrested in Kumasi for robbing, raping victims

2017-11-08

[N] Help Gov’t to achieve its revenue targets -Nana Addo to GHAPOHA
[N] NPA to close down 35 more high-risk LPG stations nationwide
[N] Uber adds Paid Wait Time; additional features for driver-partners
[N] ‘Bawumia is only confident, he knows nothing’- Minority
[N] A/R: Queen mothers grateful to 1st lady for KATH mother & baby unit
[N] If our bond was issued at 20% it would have been oversubscribed- Kwarteng hits b
[N] Tiger Eye F’dation Partners Klarity To Fight Corruption
[N] AG’s application against Indian businessman dismissed again

2017-11-07

[N] Bawumia behaving like a ‘heartless’ serial caller – Ofosu Kwakye
[B] 2018 budget to improve domestic revenue collection
[N] 24,377 cattle, 225 owners registered in Kwahu
[N] New agency inaugurated to boost revenue collection in oil and gas sector
[B] New Drivers’ License to be launched today
[N] Tell the true African stories through your writings – Nana Addo to PAWA
[B] Investor uncertainty, others impacted energy bond  

2017-11-06

[N] Sack Freddie Blay for defending Ayisi Boateng – Alhaji Sani
... 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