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Eskom gets R2.6bn green energy boost

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The Aurora Wind Farm West Coast 1. (Photo: Matthew le Cordeur)
The Aurora Wind Farm West Coast 1. (Photo: Matthew le Cordeur)

Cape Town - The New Development Bank (NDB), known as the Brics Bank, said on Monday that Eskom will receive $180m (R2.6bn) in assistance for renewable energy projects, part of a package of $811m (R11.85bn) in green energy loans it approved last week.

A spokesperson for the bank said the Eskom projects would involve transmission lines to carry 670 MW of generation and 500 MW worth of renewable energy projects involving independent power producers.

The founding members of the NDB - Brazil, Russia, India, China and South Africa (Brics) - have brought in capital of $1bn (R14.61bn) as an initial contribution.

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