Eskom’s Group Chief Executive, Brian Molefe, has received the Ai Infrastructure Investment Champion of the Year 2016 award for his role in driving infrastructure investment into critical sectors, stimulating economic and private sector growth in the country in particular and the African continent in general. The awards are held alongside the annual Ai CEO Infrastructure and Sovereign Investment Summit (Johannesburg).
The Africa investor Awards (Ai Awards) are unique pan-African business and capital market investment awards that recognize and reward the achievements of the private sector across wide-ranging sectors and disciplines. These awards attract the market leaders from across the continent and salute their achievements. They also celebrate the work of institutional investors, governments and non-governmental organisations (NGOs).
Eskom is currently executing the biggest infrastructure development project in its history, aimed at building new generating capacity to meet South Africa’s rising electricity demand. Once completed in the next five years, Eskom’s capacity expansion programme, which is the largest in the company’s history, will increase our generation capacity by 17 384 MW, transmission lines by 9 756 km and substation capacity by 42 470 MVA.
The capacity expansion programme will enable Eskom to provide security of electricity supply to South African homes and businesses, powering economic expansion and extending electricity to millions of households who currently rely on other fuel sources for domestic cooking and heating.
Since inception in 2005, the capacity expansion programme so far added 7 031 MW of generation capacity, 6 048 km of transmission lines and 31 590 MVA of substation capacity.
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