South Africa's state-owned power utility Eskom plans to revamp its ageing coal-fired power plants rather than retiring them and renewing them with new power plants.
In December 2015, the African Development Bank (AfDB) approved a US$375m senior corporate loan and a corresponding A/B syndicated loan for up to US$750m to support the Capacity Expansion Program (CEP) of South African power utility Eskom, which will focus on the rehabilitation of 8 GW of installed power capacity and the addition of nearly 11 GW of new base load capacity by 2020.
Eskom is already building new coal-fired power plants, which are suffering significant delays, such as the 4.8 GW Medupi coal-fired power plant (initially expected to be commissioned in December 2014 but to be completed by 2018) or the 4.8 GW Kusile project (also to be commissioned by 2018). The company was forced to restart mothballed coal-fired power plants to boost electricity supply and to implement rolling load shedding.
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