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South Africa’s Eskom has secured a $100 million credit facility from French development finance group Agence Française de Développement for financing a wind power project.
Eskom has posted an R8.4 billion profit which will be reinvested into the business, Public Enterprises Minister Malusi Gigaba said on Monday.
Eskom has secured a R5.7 billion loan with the Export Import Bank of the United States to go towards the Kusile power station, it said on Monday.
South Africa’s state-owned energy giant, Eskom, earned $1.3 billion as a net profit in the first half of the year, a development which shows the much criticized utility is on a sustainable growth path.
The African Development Bank (AfDB) has approved a €1.86 billion loan for South Africa’s energy utility company, Eskom Holdings Limited, to finance Medupi power project that will significantly boost the energy capacity of the country and the southern...