South Africa granted $1bn World Bank loan to upgrade its energy grid
E&T
OCTOBER 27, 2023
South Africa’s energy grid has been increasingly struggling, with the country’s coal-fired power stations routinely breaking down and leaving citizens without power for up to 10 hours a day. To address this situation, the World Bank said it will provide a $1bn ( £830m) development policy loan (DPL) to South Africa.
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