Power station financing

Funds of R31bn ($2.3bn) are being provided by French banks, including Calyon, BNP Paribas, Societe Generale, Natixis and CIC. BNP Paribas is serving as a documentation bank as well as facility and export credit agency (ECA) agent.

The funds are provided through a fixed interest rate loan covered by  COFACE, the  French ECA. The loan can be repaid over 12 years, after the commissioning of relevant units of the power plant.

In May 2011, Kusile Power Station received a R5.7bn ($805.6m) loan from Export Import Bank of the US.

As of early 2015, the estimated cost of the project excluding interest was R82bn ($6.04bn). Furthermore, it was estimated that the project would require a total of R118bn ($8.7bn) till completion.