Rural Electrification authority secures $240 million for solar projects
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The Rural Electrification Authority (REA) has secured $240 million from the government and the World Bank to fund the Rural Electrification Master Plan in South Africa.
The plan aims to provide grid connections to rural areas by installing solar home systems and solar mini-grids. Alex Mbumba, the Chief Executive Officer of the REA, stated that the initiative will connect the public and private sectors. The project requires a total budget of $1.52 billion.
Mbumba shared these details during a panel discussion at the 3rd Zimbabwe-Zambia Energy Projects Summit in Livingstone.
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