IFC confirms eagerness to fund private grid projects in South Africa

The International Finance Corporation (IFC) has confirmed that its stands ready to support South Africa’s efforts to facilitate private sector participation in the expansion of the country’s electricity grid. IFC Africa VP Sérgio Pimenta told Engineering News during his recent visit to South Africa that the World Bank Group agency had already been providing advice to government on possible models for deploying independent transmission projects to help address grid-related backlogs.