NDB to provide US$180 million to Eskom for grid development

The New Development Bank (NDB) and South African utility Eskom have signed off on a loan agreement for renewable energy Integration and a transmission augmentation project. As part of the deal, the NDB will provide a loan with sovereign guarantee to Eskom for a total of US$180 million.

Eskom bags US$100 million KfW loan for renewables grid integration

South African utility Eskom and German Development Bank KfW have signed a US$100 million (~R1.35 billion) loan facility that will go towards improving the transmission network to support grid integration of renewable energy projects after 27 power purchase agreements (PPAs) were signed in April.

Eskom misses deadline for financial close of outstanding PPAs

South African utility has failed to meet the deadline imposed by the country’s previous minister of energy for the financial close of outstanding PPAs under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).