The World Bank's Clean Technology Fund, or CTF), which provides cheap finance for renewable projects in developing countries, has set aside just over 500 million rand ($73.8 million) for South African companies that have potential renewable energy projects.
The World Bank's Clean Technology Fund, or CTF), which provides cheap
finance for renewable projects in developing countries, has set aside just over
500 million rand ($73.8 million) for South African companies that have
potential renewable energy projects.
CTF is a concessional financing made available by 12 donor countries, which
pledged $5.7 billion as of January 2009.
For
South Africa
, this
fund promises to boost private investor participation in the energy sector,
long dominated by the electricity utility Eskom.
About 75% of total energy consumption and 93% of power generation was from coal
in 2004.
The private sector in
South Africa
is
well-developed, but its participation in the energy sector has been limited by
the dominance of Eskom and by a number of other financial, institutional, and
technical barriers.
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