South Africa: World Bank approves $250m for Eskom

The World Bank has approved $250 million in funding for South African power utility Eskom to develop a wind and solar plant as part of a push to boost sources of clean energy. The World Bank said the funding through its Clean Technology Fund will finance a 100-megawatt solar power plant in Upington in the Northern Cape province and a 100-megawatt wind power project at Sere, north of Cape Town. 'The loan will help Eskom to implement two of the largest renewable energy projects ever attempted on the African continent,' the bank said in a statement.