The bankrupt power provider has obtained a loan from the Brics Bank carried by five counties in the world, of which South Africa is one. Eskom has secured a loan of R6bn with the aim to “store” electricity, which will work through a battery system. The system will allow Eskom to store 360 MW across..
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Brics Bank borrows bankrupt Eskom ‘R6 billion’ for battery system – Will the SOE ever be able to repay the loan and what happens if he is unable to do so?
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