Complaint > Eskom Investment Support Project

Eligibility: 65-Management Report and Recommendations (English)

...cash generation and local and foreign debt. However, with the global financial and economic crisis, Eskom was unable to raise the required long-term debt. iv. To avoid delaying or curtailing the program and thus prolonging the impact of electricity supply constraints on economic growth, employment and social stability, South Africa approached the Bank at the end of 2008 for support for the EISP. By this time Eskom and the Government had already decided on the design of the Medupi plant, and ...