The City of Cape Town’s Energy Directorate has accepted an offer of R5.9m in technical assistance from the International Finance Corporation (IFC). Its Sustainable Energy Markets Department is embarking on a number of projects relating to renewable energy purchase and generation, and other sustainable energy interventions.
Among these projects are:
- Energy efficiency in municipal buildings/facilities
- Electricity supply, including the purchase of renewable energy
- Climate investment opportunities assessment
- Green pricing approach
The letter of collaboration states that the technical assistance is provided to the city free of charge. There will be no co-payment or concomitant additional investment of resources by the city arising out of the transaction, since the city projects on which the assistance will be rendered are scheduled and resourced already. The rendering of the assistance by the IFC will not necessitate the allocation by the city of any additional resources.
