banks

BHF

Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
USD 103.14 million
Part of a USD 722 million syndicated loan from European Banks - Proceeds were used to fund part of the Medupi boiler contract with Hitachi. At the time of the loan BHF was a wholly owned subsidiary of Sal. Oppenheim.
22 May 2009
Not available
source: IJGlobal
link

BNP Paribas

France
Profile
Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
EUR 1185 million
ECA/Coface-covered loan to fund turbine contracts with Alstom for the Medupi and Kusile plants
December 2009
Not available
source: link
Debt – corporate loan
USD 103 million
Part of a USD 722 million syndicated loan from European Banks - Proceeds were used to fund part of the Medupi boiler contract with Hitachi
22 May 2009
Not available
source: IJGlobal
link

China Development Bank

China
Profile
Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
USD 1,5 billion
State-owned company Eskom has secured USD1.5 billion loan from China Development Bank. The financing will be used for the construction of the Medupi coal-fired power plant.
6 July 2017
Not available
source: IJGlobal
link
Debt – corporate loan
USD 500 million
$500 million China Development Bank (CDB) credit facility
3 October 2016
Not available
source: IJGlobal
link

Commerzbank AG

Germany
Profile
Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
USD 103 million
Part of a USD 722 million syndicated loan from European Banks - Proceeds were used to fund part of the Medupi boiler contract with Hitachi
22 May 2009
Not available
source: IJGlobal
link

Crédit Agricole

France
Profile
Website
Type
Amount
Description
Date
Date end
Source
Uncategorised
EUR 63,7 million
Export credit - ECA/Coface-covered loan used for the control and instrumentation contract supplied by Alstom
August 2010
Not available
source: link
Debt – corporate loan
EUR 1,185 million
ECA/Coface-covered loan to fund turbine contracts with Alstom for the Medupi and Kusile
December 2009
Not available
source: link
Debt – corporate loan
USD 103 million
Part of a USD 722 million syndicated loan from European Banks - Proceeds were used to fund part of the Medupi boiler contract with Hitachi
22 May 2009
Not available
source: IJGlobal
link

Crédit Mutuel

France
Profile
Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
EUR 1185 million
Part of €1,185 million syndicated loan (December 2009) ECA/Coface-covered loan to fund turbine contracts with Alstom for the Medupi and Kusile plants
December 2009
Not available
source: Agence France Presse, “S.Africa power firm gets loans from French banks”, Agence France Presse, 28 December 2009.

HypoVereinsbank

Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
USD 103 million
Part of a USD 722 million syndicated loan from European Banks - Proceeds were used to fund part of the Medupi boiler contract with Hitachi
22 May 2009
Not available
source: IJGlobal
link

JPMorgan Chase

United States
Profile
Website
Type
Amount
Description
Date
Date end
Source
Advisor
Not available
Advising Eskom on its funding options
April 2010
Not available
source: link

KfW IPEX-Bank

Germany
Profile
Website
Type
Amount
Description
Date
Date end
Source
Debt – trade finance
USD 353 million
export credit - Funding was used to partially finance six boilers that the Hitachi Power consortium supplied
10 September 2008
10 September 2020
source: IJGlobal
link
Debt – corporate loan
USD 103 million
Part of a USD 722 million syndicated loan from European Banks - Proceeds were used to fund part of the Medupi boiler contract with Hitachi
22 May 2009
Not available
source: IJGlobal
link

Natixis

France
Profile
Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
EUR 1185 million
ECA/Coface-covered loan to fund turbine contracts with Alstom for the Medupi and Kusile plants
December 2009
Not available
source: link
Debt – corporate loan
USD 103 million
Part of a USD 722 million syndicated loan from European Banks - Proceeds were used to fund part of the Medupi boiler contract with Hitachi
22 May 2009
Not available
source: IJGlobal
link

Société Générale

France
Profile
Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
EUR 1185 million
Part of € 1,185 million syndicated loan - ECA/Coface-covered loan to fund turbine contracts with Alstom for the Medupi and Kusile
December 2009
Not available
source: link

export credit agencies

Coface

Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
EUR 1185 million
Covering a 5 French banks syndicated loan
December 2009
Not available
source: link
Debt – corporate loan
EUR 63,7 million
Covering Credit Agricole loan
Not available
Not available
source: link

investment funds

Public Investment Corporation (PIC)

Website
Type
Amount
Description
Date
Date end
Source
Approached, interested
USD 1,2 billion
No recent information/confirmation could be found on these investment plans. (March 2015)
May 2010
Not available
source: link

multilateral development banks

African Development Bank

Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
EUR 1,86 billion
Funding was used to fund the supply and installation of boilers and turbo-generators
November 2009
Not available
source: African Development Bank
link
Debt – corporate loan
USD 500 million
Non-sovereign loan to support Eskom capital expenditure programme
November 2008
Not available
source: African Development Bank
link

Development bank of Southern Africa

Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
USD 2,17 billion
This loan will be drawn over five years and does not utilize guarantees from the South African Government. The loan was mainly used for the Medupi and Kusile coal-fired power stations and the Ingula Pump Storage scheme with its associated transmission infrastructure.
November 2010
Not available
source: Development bank of Southern Africa

New Development Bank (NDB)

Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
USD 476 million
The objective of the loan is to achieve sulphur dioxide (SO2) emission reduction of Medupi coal-fired power plant from 3,500 mg/m3 to below 500mg/m3 from 2026 onwards. The contents of the Project include the design and construction of six flue gas desulphurization units along with ancillary facilities.
31 March 2019
Not available
source: New Development Bank
link

World Bank (IBRD, IDA)

Website
Type
Amount
Description
Date
Date end
Source
Debt – corporate loan
USD 3,05 billion
US$3.05 billion for completing the 4800 MW Medupi coal-fired power station
8 April 2010
Not available
source: World Bank
link