IDC concludes R5bn ‘green bond’ with PIC

Engineering News 7 November 2012.

The Industrial Development Corporation (IDC) has concluded a R5-billion private placement with the Public Investment Corporation (PIC) for a ‘green bond’, established to facilitate funding for businesses looking to invest in clean-energy infrastructure developments.

The partnership was in line with the Integrated Resource Plan 2010, which envisages renewable energy contributing 42% of the total new generation added to South Africa’s electricity mix between 2010 and 2030…

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