Posts tagged as Standard Bank

Funding of two new coal IPPs in South Africa under threat

International and local efforts to restrict funding for construction of new coal-fired power plants are gaining momentum, and threatening financial closure of the planned two new coal independent power producer projects in South Africa, Thabametsi and Khanyisa. In the latest development, it has been reliably learned that last week Standard Bank advised the director general […]

Addressing Africa’s energy deficit

With recent reports estimating that 600-million people are without access to electricity in sub-Saharan Africa, significant and sustained investment is required across Africa’s entire energy generation and supply value chain. While even a decade ago meeting Africa’s energy backlog was considered unaffordable, today, many largely technology-driven factors are creating new opportunities for investment in Africa’s […]

Domestic gas holds potential for Mozambique

  Mozambique liquefied natural gas, (LNG) stands to transform the country and entrench it as a leading player in the global LNG industry. Developing these reserves and scaling up the currently planned LNG facility to its potentially multi-train capacity, will establish Mozambique as one of the largest exporters of LNG, a commodity of increasing global […]

Private sector investment in Nigeria’s power grid

  Standard Bank has helped to fund three power deals with the Nigerian government. These form part of the country’s seven power generating companies and its eleven electricity distribution firms, created out of the Power Holding Company of Nigeria. The first two deals, concluded by Standard Bank South Africa, involved the Federal Government of Nigeria […]

Private sector investment in Nigeria’s power grid

  Standard Bank has helped to fund three power deals with the Nigerian government. These form part of the country’s seven power generating companies and its eleven electricity distribution firms, created out of the Power Holding Company of Nigeria. The first two deals, concluded by Standard Bank South Africa, involved the Federal Government of Nigeria […]

Local bank ranked as the 12th

Bloomberg reports that the biggest gain in renewable energy came from a newcomer: South Africa’s Standard Bank group who ranked 12th after agreeing to underwrite almost R10-billion in government-approved projects, including R2,8-billion for solar parks. Alastair Campbell, executive vice president, power and infrastructure finance at Standard Bank, said that the bank’s entry to the  rankings […]

Bank signs landmark R20-billion finance deal

Standard Bank has signed a R20-billion funding support agreement for renewable energy projects in South Africa with the Industrial and Commercial Bank of China (ICBC). The deal is structured to provide the funding out of rand money accruing to ICBC by virtue of their shareholding. The agreement was signed by ICBC Chairman Jiang Jianqing and […]