Prieska Power Reserve receives formal approval of grant funding from KfW

Northern Cape-based green hydrogen and ammonia project Prieska Power Reserve (PPR) has received formal approval of a funding grant from KfW Development Bank, in partnership with the Industrial Development Corporation (IDC). “We are making excellent progress across the project’s technical and financial workstreams. With KfW’s support and our ongoing partnership with the IDC, we are well positioned to reach financial close and move into project execution,” says PPR director Martin Walzer.