As part of the deal, the NDB will provide a loan with sovereign guarantee to Eskom for a total of US$180 million. The New Development Bank ( NDB ) will provide a loan of $ 180 million to Eskom to support the South African utility firm 's grid connection projects . The loan will be provided through NDB ’s Project Finance Facility , with the funds 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 .
The New Development Bank ( NDB ) will provide a loan of $ 180 million to Eskom to support the South African utility firm 's grid connection projects . The loan will be provided through NDB ’s Project Finance Facility , with the funds 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 .