The New Development Bank (NDB) will provide a loan of $180m to Eskom to support the South African utility firm's grid development project. It is expected that this would be followed by another $100m, which could then be used for other projects in the country.
The New Development Bank (NDB) will provide a loan of $180m to Eskom to support the South African utility firm's grid development project. The funding will be provided through NDB’s Project Finance Facility, with the investment set to be used to integrate 670 MW of renewable energy capacity into Eskom’s grid and support the development of future grid connection infrastructure.