RE: Loan to Eskom - January 202028 Jan 2020 18:23
'Not first time NDB has bailed Eskom out
According to Business Report, the utility received a $180-million (about R2.5-billion) cash injection from NDB on 1 April 2019 to fund the integration of renewable energy into the grid and to augment transmission projects.
The bank said the loan, which was signed at the NDB’s fourth annual meeting in Cape Town on Monday, would provide Eskom with a sovereign guarantee for these projects.'