Date: Nov 28, 2018
Eskom has entered into a loan agreement with the African Development Bank Group (AfDB) for a total of over R3 billion.
The power utility has confirmed the deal in a statement on its website.
It says the loan will be used to improve power transmission in Southern Africa.
“Eskom and AfDB have enjoyed a productive partnership since 2009 when the Bank approved the first facility in support of the utility’s capital expansion programme.
