Posts tagged as loan

Foreign loan for infrastructure upgrade

Eskom and Agence Française de Développement (AFD) have signed a R1,5-billion loan agreement to support the electricity utility’s investments in extending and strengthening its power transmission grid along the west coast of South Africa. This loan constitutes the first tranche of a R6,5-billion multi-tranche loan facility signed between the two institutions in March 2017. The […]

Loan agreement to facilitate grid of renewable energy signed

Eskom and KfW, the German Development Bank on behalf of the German Government, have signed a US$100-million (approximately R1,35-billion) loan facility to support further investments in the transmission network in the Northern Cape in order to facilitate the grid integration of renewable energy independent power producer (IPP) projects under the recently-signed power purchase agreements (PPAs). […]