South Africa’s coal-heavy power utility is moving to appoint financial advisers to assist it in structuring a potential transaction that could unlock discounted ‘green’ funding for the debt-laden State-owned entity in return for it meeting agreed decarbonisation targets. Eskom CEO Andre de Ruyter reports that the utility has issued and enquiry through which it aims to secure the services of financial advisers with expertise in structuring green-finance deals and reports that several of its existing lenders, especially development finance institutions (DFIs), have expressed an appetite for participating in the arrangement.
