The New Development Bank will provide a project loan of US$480 million to Eskom for environmental protection project for Medupi Thermal Power Plant, National Treasury said on Tuesday.
In a statement, Treasury said that this loan from the NDB was in line with the bank’s focus on supporting clean energy in South Africa. The three South African projects are separate from the loan agreements that the NDB signed on Monday with Eskom and the Development Bank of Southern Africa . The US$300 million loan agreement signed between the NDB and the DBSA is designed to support greenhouse gas emissions reduction and energy sector development project.
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Brics bank to kick off SA meetings after granting R11.2bn loan to EskomThe focus of the meetings will be to explain the New Development Bank’s mandate to investors, CEOs and boards of state-owned entities Eskom should NOT be granted further loans until it can proof that it will be going concern (profitable and servicing its loans incl capital repayments) which will have to include a reduction in headcount to globally accepted norms. Our_DA address this reckless behaviour!
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Brics bank to kick off SA meetings after granting R11.2bn loan to EskomThe focus of the meetings will be to explain the New Development Bank’s mandate to investors, CEOs and boards of state-owned entities
Source: BDliveSA - 🏆 12. / 63 Read more »