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Friday, April 9, 2010

Response to questions on the Eskom loan application | For Africa

Response to questions on the Eskom loan application | For Africa: "South African government’s response to questions on the Eskom loan application to the World Bank

7 April 2010


The World Bank Board will consider a $3.75 billion project loan to South Africa’s power utility, Eskom, on 8 April 2010 to finance its capital expenditure programme. The premise upon which the World Bank loan application for Eskom was made was based on the fundamental belief that developing countries must be allowed to develop their energy security for their populations, in the most cost effective and sustainable manner."


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