Arab Today, arab today us exim bank sign 2b deal with south africa
Last Updated : GMT 14:50:20
Arab Today, arab today
Arab Today, arab today

US Ex-Im bank sign $2b deal with South Africa

Arab Today, arab today

Arab Today, arab today US Ex-Im bank sign $2b deal with South Africa

New York - Arabstoday

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 on 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. “We are signing tomorrow and it goes into effect immediately,” he added. “We have been an active financier of solar and wind... energy all over the world,” he said. “In fact last year we were the largest single financier of solar power in India, we would like to do the same thing here.” The agreement is to be signed on Tuesday during a visit by US Secretary of State Hillary Clinton, as part of her tour of Africa. “It’s a declaration of intent between Ex-Im Bank and the Industrial Development Corporation of South Africa to consider a financing option for up to $2 billion in credit in support of South Africa’s energy sector,” Charles Randolph, the US embassy energy officer told AFP. South Africa plans to double its power supply by adding more than 50,000 megawatts of electricity to the grid. The government plans to generate 3,725 megawatts of power from “green” renewable energy sources, as part of a $127 billion scheme to overhaul the national electricity system. Clinton’s tour to South Africa is aimed at boosting trade and business ties between the two countries. Trade between the United States and South Africa shot up to $16.8 billion last year, up 18 per cent from the previous year. From:Gulftoday

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us exim bank sign 2b deal with south africa Arab Today, arab today us exim bank sign 2b deal with south africa

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us exim bank sign 2b deal with south africa Arab Today, arab today us exim bank sign 2b deal with south africa

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 10:39 2017 Monday ,26 June

Authorities release Assala under conditions

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday