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Eskom gets R2,6bn loan from Brics-supported bank

ENCA 

18 April 2016

Eskom is on the list of recipients awarded the first set of long-term loans by the New Development Bank (NDB), also referred to as the Brics bank.

Eskom will get $180-million (R2.6-billion) over 12 to 20 years, for ‚Äútransmission lines to evacuate 670MW generation and transformation of 500MW of renewable energy generation by IPPs in the country‚ÄĚ said the NDB. ¬†Read more here…

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