ESKOM Holdings Limited
- Reference: P-ZA-F00-001
- Approval date: 28/06/2007
- Start date: 30/12/2008
- Appraisal Date: 02/03/2007
- Status: OngoingOnGo
- Implementing Agency: ESKOM HOLDINGS LTD
- Location: NATIONWIDE
The main objectives of the Investment Program are to
(i) assist the Government in achieving the Accelerated Shared Growth Initiative of South Africa (ASGISA) 6% per annum target of GDP growth from 2010;
(ii) ensure security of supply;
(iii) improve operational efficiency
(iv) enhance electricity access rate from 72% to 100% by 2012 and
(v) foster sustainable development. The Program is comprised of (a) generation (b) transmission (c) distribution and (d) corporate operations.
Meet the country needs in terms of electricity supply.
DEVELOPMENT IMPACT 7.1 Eskom plays an important role in the South African economy in terms of job creation, universal access to electricity and economic development. The Investment Program will be critical to the realization of the Accelerated and Shared Growth Initiative (ASGISA) whereby the Government intends to halve the level of poverty and unemployment by 2014 and enable South Africa to achieve and sustain high average economic growth rates of 4.5% for the period 2004- 2009 and 6% between 2010 and 2014. The proposed investment program will also enable Eskom to continue to increase the level of service, thereby reducing poverty, promoting opportunities for the participation of marginalized communities in economic activity and improving the quality of their lives.
DUROWOJU Raubil Olaniyi - OPSD4