US banks to sign SA energy deal

Business Report 7 June 2012.

The US Export-Import Bank is to sign a $2 billion deal with South Africa to fund a green energy scheme in the electricity-short country, the bank’s chief said Monday.

“We are signing an agreement tomorrow for $2 billion for renewable energy exports from the US to South Africa,” the bank’s president Fred Hochberg told reporters.

“South Africa has one of the most forward-reaching energy policies in terms of diversity in power,” he said…


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