Project Financing Facility for ESKOM (NDB-eskom-southafrica)

Countries
  • South Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
ESKOM; Government of RSA
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 180.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 360.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS Mar 21, 2019


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Project Description

With the objective to develop grid connection infrastructure, the NDB will provide a PFF loan of USD 180.0 million to Eskom Holdings State-Owned-Company Limited (Eskom). The PFF will support renewable energy development and reduce the country’s reliance on fossil fuels. The grid connection infrastructure will be used for renewable energy projects and augmentation of the Eskom transmission network to the Soweto area.

The PFF project will be divided into sub-projects. Current sub-projects include integration of 7 renewable energy projects of independent power producers, integration of expedited independent power producer project for Upington, construction of transmission lines and substation for Soweto area, and construction of transmission lines for Ankerlig-Sterrekus. Future sub-projects will be proposed by Eskom, subject to selection criteria and approval from the NDB, to ensure alignment with the overall development objective of the project.

Investment Description
  • New Development Bank (NDB)
Private Actors
Contact Information

No information at the time of writing.