PROCUREMENT NEWS

South Africa,United States : US Ex-Im bank to sign US$2b clean energy deal with S.Africa

Published 07 Aug 2012

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

\"We are signing an agreement tomorrow for US$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.

\"We are signing tomorrow and it goes into effect immediately,\" he added.

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