Grid investment ‘fully funded’ for next three years, but scale-up requires alternative models

Eskom has indicated that it has sufficient funding for the coming three years for the grid infrastructure investments that will be pursued in line with its Transmission Development Plan, but says additional financing will be required beyond that point and that alternative funding and delivery models may also be required. Speaking following a closed-door grid financing event hosted jointly by government and the JSE, Eskom transmission head Segomoco Scheepers said that the division currently worked on a five-year investment horizon and that it planned to invest R70-bilion over that period on new power lines and transformation capacity.