Afdb plans to lend Eskom R10 bn for Medupi and transmission
African Development Bank plans R10bn in loans to Eskom 7th November 2018 BY: REUTERS <> [image: AfDB president Akinwumi Adesina] *Photo by:* Reuters AfDB president Akinwumi Adesina
The African Development Bank plans to lend South African power utility Eskom around R10-billion ($720-million) in 2019 and 2020, the bank’s president *Akinwumi Adesina *said.
“We plan to lend around $620-million for the Medupi power plant, and around $100-million for Eskom’s transmission network, but that still needs to be approved by the board,” said Adesina, whose bank is holding an investment forum in Johannesburg.