CSP uses a number of innovative technologies to concentrate the sun's energy through large mirrors and utilises the concentrated thermal energy to produce steam to drive a conventional steam turbine for electricity generation. CSP technology is similar to conventional power plants in that steam is used to power a turbine and generator, but the fossil fuel combustion is replaced with free, non-polluting solar energy.
Ayanda Nakedi, Eskom's Senior General Manager for Renewables said: "Eskom is committed to investing in projects that will diversify our energy mix, including renewable resources. The potential to deploy CSP technologies on a large scale is promising, and we are pleased to have taken another step forward in funding our Upington solar plant with this loan agreement."
Pim van Ballekom,
Speaking about Eskom's relationship with the EIB, Eskom's Finance Director, Ms Tsholofelo Molefe, said: "The EIB is a valued partner who plays a key role in the funding of not only the CSP project, but has also provided funding for other projects in Eskom's capital programme.
This project is being co-financed with the
Over the last five years the
The EIB is active both inside and outside the
TNS 30FurigayJane-140808-4822984 30FurigayJane
Most Popular Stories
- Alabama House Speaker Arrested on Felony Ethics Charges
- 'Fury' Blows 'Gone Girl' Out of the Box Office
- Turkey to Help Kurds Reach Fight in Kobani
- German Intelligence Blames Ukraine Rebels for MH17
- ISIS Seeks to Expand Terror War
- Clinton Rallies Early Vote for Landrieu
- Perez Leads Push for Obama's Job Proposals
- 'Fury' Gets Into Soldiers' Minds: Brad Pitt
- Prius Drivers Battle Stereotypes
- Car Drivers Warned to Get Air Bags Fixed