Nedbank Capital set to raise energy exposure to cater for baseload
Engineering News – ONLINE
05 August 2014
The investment banking business of Nedbank, which has a R20-billion exposure to South Africa’s renewable-energy market, expects to significantly increase funding limits in the South African energy space to create capacity for involvement in the upcoming coal and gas baseload programmes.
Nedbank Capital head of infrastructure, energy and telecommunications Mike Peo tells Engineering News Online that the success of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has raised confidence among lenders and that Nedbank is among those institutions keen to see the model replicated across other sectors. Read more….