This is separate from the US$180 million loan agreement signed on Monday to connect 670MW of renewable energy projects to the national grid.
The New Development Bank will provide a project loan of US$480 million to Eskom for environmental protection project for Medupi Thermal Power Plant, National Treasury said on Tuesday.
In a statement, Treasury said that this loan from the NDB was in line with the bank’s focus on supporting clean energy in South Africa. The three South African projects are separate from the loan agreements that the NDB signed on Monday with Eskom and the Development Bank of Southern Africa . The US$300 million loan agreement signed between the NDB and the DBSA is designed to support greenhouse gas emissions reduction and energy sector development project.
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