Namibia’s capital city Windhoek has embarked on the construction of a new electricity substation to provide electricity demands for commerce, industry, and households. The Development Bank of Namibia (DBN) declared.
Eskom and the Agence Française de Développement (AFD) have signed a € 90 million loan agreement to support the electricity utility’s investments in extending and strengthening its power transmission grid.
Eskom has abandoned its plan to ask the Public Investment Corporation to convert some its debt to equity out of concern that it will be viewed as a default by.
