Eskom in talks to raise $2.3bn from development financiers
Eskom Holdings is in talks to raise about R33.1 billion from five development finance institutions, according to a presentation made to government, business and labour leaders.
The money would be used to help the company re-purpose coal-fired power plants into sites that could produce renewable energy and host battery storage, according to the presentation seen by Bloomberg and confirmed by Eskom.
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Source: moneyweb.co.za