Eskom seeks funds to go green

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Eskom seeks funds to go green
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Power utility considering 8,017MW of projects, including wind power, solar, hydropower and gas

Eskom CEO André de Ruyter has laid out a funding plan to help the company move away from using coal.

De Ruyter said Eskom is proposing a multi-lender loan facility from development finance institutions that would be paid out in segments over several years. Mandy Rambharos, head of the Eskom department that is leading the transition, has previously said it could cost $10bn ...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

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