Project Finance Facility for Eskom (NDB-projectfinancefacilit)

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.
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.
Voting Date
Apr 13, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Eskom Holdings State-Owned-Company Limited
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Infrastructure
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)
$ 0.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported Rand 2.88 billion (USD 180 million)
Converted using 2016-04-13 exchange rate.
Project Cost (USD)
$ 0.25 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported Rand 3.60 billion (USD 225 million)
Converted using 2016-04-13 exchange rate.
Primary Source

Original disclosure @ NDB website

Updated in EWS Nov 12, 2019


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Project Description

According to banks documents, the New Development Bank's (NDB) Project Finance Facility (PFF) is proposed to support the development of grid connection infrastructure. The project will also help increase electricity supply to the Soweto area.

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 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

Contact information not provided at the time of disclosure