CoJ sets aside R4.6bn to improve electricity infrastructure
JOHANNESBURG - The City of Johannesburg wants to improve its electricity infrastructure to meet growing demand, with R4.6 billion set aside towards achieving this.
Finance MMC Margaret Arnolds announced the allocation during her budget speech in council on Wednesday.
ALSO READ: CoJ's R200 prepaid electricity surcharge extended for another financial year
Although the funds will be allocated over the next three years, the metro is confident they will significantly help resolve its electricity infrastructure issues.
Arnolds outlined the additional areas where the R4.6 billion would be directed.
"The budget allocates R4.6 billion to City Power over the next three years to fast-track the following four categories: stabilising the grid to prevent collapse, strengthening of the network to improve efficiency, the expansion of the grid to meet growing demand, prevent system collapse due to the ever-growing and changing energy landscape and to ensure revenue enhancement and reduction of technical losses."
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