The Industrial Development Corporation IDC and the Development Bank of Southern Africa DBSA have signed a memorandum of agreement to jointly develop energy projects within South Africas special economic zones SEZs, targeting improved energy security for industrial operations.
The agreement sets out a framework for collaboration between the two development finance institutions DFIs to identify, prepare and finance energy projects aimed at providing reliable and cost-effective power to SEZ-based industries.
According to the institutions, the partnership will focus on advancing projects from early-stage development through to bankability, including project preparation, feasibility assessment and funding structuring. The intention is to build a pipeline of investable energy projects aligned with industrial demand within SEZs.
