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Tag Archives: Hu Huaibang

ESKOM SCORES $2.5BN LOAN FROM CHINA DEVELOPMENT BANK

Troubled state-owned power utility Eskom scored big today, signing a $2.5 billion (about R33 billion) term facility agreement with the China Development Bank, in a bid to plug the holes in its balance sheet. Eskom chief executive Phakamani Hadebe said the $2.5 billion loan agreement was “strategic” for the power …

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