Eskom Seeks Cheap Funding For $27 Billion Energy Plan
- Company wants finance to help it reduce use of coal for power
- Gas possibly replaced by hydrogen after a decade, she said
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Eskom Holdings SOC Ltd. is proposing a “highly concessional” financing plan to help build about 400 billion rand ($27 billion) of energy infrastructure as the South African utility shifts away from using coal, its head of energy transition said.
The company is proposing a “multi-tranche, multi-year facility” that would have funds advanced on a pay-for-performance basis as progress is made, Mandy Rambharos, head of Eskom’s Just Energy Transition department, said in a presentation on Thursday.