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Green fund ‘unused’

Author: Lerato Diale & Irvine Makuyane

It is claimed a fund of more than R300m for renewable energy projects is unused at a time when the country is grappling with load shedding.

The unspent millions are stashed away in the Industrial Development Corporation coffers as part of the €40m (R559m) loan from the French Development Agency (AFD) being disbursed to successful applicants.

An official who declined to be named at the IDC said there were available funds for more renewable energy efficiency projects to be utilised.

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