Joint venture company that won $5.6 billion (approximately R96 billion at current rates) in Eskom boiler contracts for Medupi and Kusile power stations. Chancellor House, the ANC's investment arm, held a 25% stake during the bidding process. Hitachi paid $19 million to the SEC to settle FCPA violations related to payments to Chancellor House. Hitachi was found to have known Chancellor House was an ANC front and to have encouraged it to use political influence.