Eskom has received a loan of $805.6m from the US Export-Import Bank (EIB) for the construction of a 4,800MW coal-fired power plant in Mpumalanga, South Africa.

The company will engage Black & Veatch International, a project management and engineering firm based US, for providing engineering, construction and management services for the $20.5bn worth Kusile power station.

Eskom began the construction of the Kusile power station 2007 and expects the first unit to commence operations in late 2014.

The new coal plant is expected to reduce the electricity crunch in the nation, which was hit by rolling blackouts in 2008, reports AFP.