Eskom Gets 15 Billion Rand Loan from Development Bank
By it components loan in this country, The news about company from Eskom Holdings Ltd, it had supplies 95 percent of South Africa’s electricity. By fund an expansion of generating capacity, it had agreed by 15 billion rand ($2.2 billion) loan with the Development Bank of Southern Africa.
The Eskom was spend about 485 billion, it rand build plants to
boost electricity supply in Africa’s biggest economy. In early 2008, it had presently a repeat of outages that shut some of the nation’s gold and platinum mines. From the World Bank to partly finance was give Eskom a 60 billion-rand loan while the utility this year secured $3.75 billion.
Eskom will expansion is the Medupi and Kusile coal-fired power plants. The medupi start generating power in the fourth quarter of 2012 and the Kusile is now expected to start production at the beginning of 2015, compared with an earlier forecast of June 2013.
Today on Johannesburg’s 702 Talk Radio, even though about some traffic can be happen by more blackouts in South Africa, it that rescue if the loan construction of Kusile has been delayed. He added We will keep the lights on and We won’t go back to the days of load-shedding.