AfDB optimistic about Eskom’s turnaround prospects

The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turnaround the embattled South African power utility will bear fruit. Power, energy, climate and green growth complex VP Amadou Hott told Engineering News Online on Tuesday that the bank was not concerned about its exposure to Eskom, despite revelations that the State-owned company would required a capital injection by April to remain a going concern.