Posts tagged as Standard Bank

FirstRand joins exodus of banks withdrawing funding of new coal-fired power plants in SA

. FirstRand Bank has joined the exodus of local banks that were funding new coal-fired power plants in South Africa, and in particular the Thabametsi and Khanyisa independent power producer (IPP) projects. These two projects are included in the draft integrated resource plan for electricity, Draft IRP 2018, for completion in 2023 and 2024. The […]

Nedbank withdraws funding for new coal IPPs

. Nedbank lived up to its slogan as the “green” bank in a decision to  withdraw its funding of two proposed new coal-fired power stations in South Africa, Thabametsi and Khanyisa. This decision fits with the banking group’s commitment to “green” funding, responsible lending and supporting sustainability initiatives. The bank says its initial proposal for […]

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 […]