- Climate Fund Managers will manage a $1.3B facility for Southern Africa’s energy boost.
- RTIFF targets $500M by 2025, a final close of $1.3B in 24 months.
Climate Fund Managers (CFM) will manage a $1.3 billion facility for Southern Africa’s energy boost. The Regional Transmission Infrastructure Financing Facility (RTIFF) aims to improve connectivity in the Southern African Power Pool (SAPP).
SAPP comprises 12 countries under the Southern African Development Community (SADC). Initial commitment: $20M from SAPP. RTIFF targets $500M by 2025, a final close of $1.3B in 24 months. RTIFF seeks investments from public/private sectors locally/internationally, with a 20-25 years lifespan.
Focus projects linking SAPP members, easing congestion, and promoting renewables. Dihwa: Interconnections could save $37B-42B NPV by 2040. Mohan: Grid investment vital for Southern Africa’s blackout woes. With 180 million people affected by power cuts, RTIFF promises reliable electricity, boosting health, safety, and economic activities.