SAPP secures World Bank funding
THE SOUTHERN African Power Pool (SAPP) has secured a US$20 million grant from the Programme for Accelerating Transformational Energy Projects in Africa.
The programme, supported by World Bank, plans to identify priority generation and associated transmission investments that can provide adequate electricity supply in the region in an efficient and sustainable manner and support integration and power trade in the region.
SAPP intends to apply part of the proceeds for the preparation of a new regional generation and transmission expansion plan covering the period up to 2040.
The power pool is currently in the market searching for a consultant to prepare an environmental and social management framework for the programme.
The World Bank said the funds, which were approved in November last year, will support preparation of technical, economic and financial feasibility studies, environmental assessments, legal documentation and financial transaction advisory work but would not finance any infrastructure or physical activities.