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New Development Bank (NDB)

Bank agrees loan to help troubled South African utility deploy energy storage

Mon, 01/06/2020 - 10:26 -- paul Crompton

China headquartered New Development Bank (NDB) has agreed to a ZAR6billion ($420 million) loan to South African power utility Eskom to build up to 360MW of energy storage in the country.

Troubled Eskom, which has carried out load shedding in the form of rolling blackouts across the country, is believed to be looking at 90 sites in the Western Cape, Northern Cape, Eastern Cape, and KwaZulu-Natal.

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