Southern Africa: IDA grant for SAPP

The World Bank Group has approved a $20m International Development Association grant to finance the preparation of regional energy projects within the 12-country Southern African Power Pool (SAPP) and to “help leverage the investment needed to support transformational projects that generate large amounts of electricity and transmit it across Southern Africa”. The programme will fund feasibility studies and assessments, to attract investors “who often require high quality information and legal agreements”.