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C.banner has also agreed to pay a further £70m for new shares leading to a "significant capital injection" in House of Fraser.
"We've had no significant capital injection into generation and transmission, from either the private or public sectors, for 15, maybe 20 years," said Lawrence Musaba, the manager of the Southern African Power Pool, a 12-nation consortium of electricity utilities at the continent's tip.
In addition, Tandem will gain 10,000 Harrods bank customers, Harrods Bank's mortgage and savings books, as well as a significant capital injection.
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"Over the past 12 months, many of our competitors have received significant government capital injections – something we said we could not envisage – or have raised capital from shareholders and other investors," Green said.
That's a massive boost in terms of capital injection.
Government will seek private capital injection into the Royal Mail Group.
That bank is to get another $6.6 billion capital injection.
It is a significant project with a significant capital investment.
Germany's big banks were not rushing to apply for a capital injection.
The capital injection, in the form of nonvoting "tier-1 securities," works out to about $13.4 billion.
This capital injection allows us to face these markets with confidence," Swaffield added.
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