Global Trade Alert
Global Trade Alert

South Africa: ACWA Power Solarreserve Redstone Solar Thermal Power Plant (Pty) Ltd secures ZAR 600 million in state aid from IDC

Announcement

08 Apr 2022

In April 2022, the Industrial Development Corporation of South Africa (IDC) provided ZAR 600 million (approximately USD 31.61 million) in state aid to ACWA Power Solarreserve Redstone Solar Thermal Power Plant (Pty) Ltd. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

08 Apr 2022

Revocation date:

No revocation date

Announced: 08 Apr 2022
State aid, unspecified In force
On 8 April 2022, the Industrial Development Corporation of South Africa (IDC) provided ZAR 600 million (approximately USD 31.61 million) in state aid to ACWA Power Solarreserve Redstone Solar Thermal ...
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