South Africa’s R440 billion transmission grid expansion program has attracted interest from international developers, including a company owned by Indian billionaire Gautam Adani.
The continent’s most industrialised nation started up the Independent Transmission Projects program in December to bring in private partners to help install 14,000 kilometers of new power lines.
The government aims to add 34 gigawatts of generating capacity from wind and 25 gigawatts from solar over the next 14 years.
Adani is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India.
He is ranked by Forbes as the 27th richest man in the world with a net worth of $71 billion, and the second richest man in India.