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The World Bank’s ‘wisdom’ regarding Eskom – “World Bank Says South Africa Will Save It”

“World Bank approves Eskom loan” - Friday, April 9, 2010

https://www.sanews.gov.za/business/world-bank-approves-eskom-loan

Pretoria-The World Bank has approved --South Africa's US$3.75 billion loan to help the country achieve a reliable electricity supply.--

Eskom approached the Bank for funds to build the coal fired 4800 MW Medupi power station in Limpopo. The power station will help increase the country's generation capacity.

The Bank's Board of Executive Directors approved the loan that will go towards energy supply and the financing of solar and wind power plants on Thursday night.

This loan is one of the Bank's first major lending engagements with South Africa since the fall of apartheid. It aims to benefit the poor directly through jobs created as the economy recovers from the global financial meltdown.