South Africa: AfDB in $1.34bn loan for Eskom

Issue 328 - 22 Jul 2016 | 3 minute read

The African Development Bank (AfDB) on 7 July signed a $1.34bn loan for Eskom’s massive capital expenditure programme, which is expected to cost more than $17bn between 2016 and 2020. The programme will add around 11,000MW of generation capacity and 9,500km of transmission lines. The syndicated A/B loan facility, which the AfDB claims is the largest to date in Africa, included $965m from nine commercial banks: Bank of China, Bank of Tokyo-Mitsubishi, CaixaBank, Citibank, HSBC, JP Morgan Chase, KfW IPEX Bank, Siemens Bank and Standard Chartered.

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