In another huge loan, the Chinese Exim Bank will take over the Eskom Facility Plant in South Africa. This was announced by a recent tweet from Exim Bank.
Eskom is a South African electricity public utility, established in 1923 as the Electricity Supply Commission (ESCOM). Eskom operates a number of notable power stations, including Kendal Power Station, and Koeberg nuclear power station in the Western Cape Province, the only nuclear power plant in Africa.
Eskom generates 95% of electricity in South Africa and has the only nuclear power station in Africa.
The company is divided into Generation, Transmission and Distribution divisions and together Eskom generates approximately 95% of the electricity used in South Africa.
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