The City of Johannesburg has concluded a R3.8 billion 200 million concessional loan agreement with German development bank KfW to help address City Powers electricity infrastructure backlog estimated at more than R40 billion.
The funding will support capital expenditure projects between the 2025/26 and 2027/28 financial years as part of the citys efforts to address an electricity infrastructure refurbishment, maintenance and modernisation backlog estimated at more than R40 billion.
According to the city, the funding will be directed towards transformer replacement, substation upgrades, restoration of medium- and low-voltage networks, smart metering, renewable energy initiatives, public lighting projects and digital energy infrastructure.
