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ECAs continue support for Eskom
05 January 2010
Export credit continues to play a strong role in Eskom’s plans for expansion. Two export credit deals have recently signed for the South African power company.
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Eskom
Euler Hermes Eskom
Coface South African energy
Eskom Medupi
Eskom Kusile
BNP Paribas Eskom
Calyon Eskom
Société Générale Eskom
Natixis Eskom
South African power company, Eskom, has the backing of the French and German export credit agencies, Coface and Euler Hermes, for loans towards the Medupi and Kusile power plants.
The power plant projects are part of Eskom’s Rand 385 billion ($50.5 billion) power expansion programme.
Coface, is covering a Eu1.185 billion ($1.7 billion) fixed interest rate loan to Eskom. The mandated lead arrangers are BNP Paribas, Calyon, Société Générale,...
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