Eskom in Talks to Raise $2.3 Billion From Development Financiers
(Bloomberg) --
Eskom Holdings SOC Ltd. is in talks to raise about 33.1 billion rand ($2.3 billion) from five development finance institutions, according to a presentation made to government, business and labor 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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