Sace guarantees financing for Eskom’s Ingula contracts

Region:

Middle East & Africa, Europe

Daniel Sheriff

CEO

Italy’s export credit agency Sace is guaranteeing loans in favour of Eskom Holdings (Eskom), the South African energy public utility wholly, related to some of the commercial contracts for the pump storage power plant of Ingula. The two loans, which cover part of the commercial works, amount to €300 million ($401 million).

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