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Eskom gets Brics bank loan for battery storage

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The R6bn loan will be used to set up 360MW of distributed battery storage across four provinces

The New Development Bank, formerly known as the Brics bank, has granted power utility Eskom a R6bn loan to develop a battery energy storage project, it said in a statement on FridayPremiumA subscription

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Eskom gets Brics bank loan for battery storageThe R6bn loan will be used to set up 360MW of distributed battery storage across four provinces The whole 6 billion will be in cadres accounts by the end of 2020 and then poor consumers will have to pay for it. chrisyelland Is this the loan that Eskom is going to be overpaying again for a capital project? chrisyelland The question is: will the money be spent on batteries?
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