Absa Bank
Company description
Absa Bank's Resource and Project Finance (RPF) team is a leading provider of project financing solutions across the African continent in a variety of sectors, including resources, power, infrastructure, telecommunications and the industrial sector.
Absa's services range from project finance advisory and debt-arranging underwriting and syndication services, to agent and account banking services for project finance deals, as well as risk management solutions, including interest rate, commodity price and currency hedging.
Absa's debt-funding products are all structured and customised to any given project requiring:
- Project finance term loans
- Reserve-based lending facilities (mainly for the oil and gas sector)
- Exported credit agency-backed loans
- Revolving credit facilities
- Bridge loans
- Mezzanine financing facilities
- Working capital facilities for project companies.
Absa Bank is a member of Barclays Africa Group.
Company details
Participation in projects
Projects per Country ()
Projects per Subsector ()
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The company has not participated in any projects.
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Company updates
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May 18, 2021
ACWA Power closes financing of 100 MW Redstone concentrated solar power (CSP) project in Postmasburg
ACWA Power, the lead shareholder in the Redstone concentrated solar power (CSP) plant, has commenced the construction of the 100 MW Redstone project following achievement of a financial close. At ZAR1...
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August 03, 2018
Enel signs US$1.1 billion financing for 700 MW wind projects in South Africa
Enel Green Power RSA, the Enel Group’s South African renewables company, has signed project financing agreements a portfolio of five new wind projects, totalling roughly 700 MW of capa...
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June 06, 2018
Mainstream achieves financial close of US$520 million wind farms in South Africa
Mainstream Renewable Power has announced the successful completion of financial close for two wind projects in South Africa: the 140 MW Kangnas wind farm, located near Springbok in the...
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April 18, 2018
Financial close for 25 MW biomass project in South Africa
Sappi and Fusion Energy have reached financial close on the 25 MW Ngodwana Energy Biomass Project, the first biomass project procured under South Africa's Renewable Energy Independe...
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March 12, 2018
IFC and MIGA approve refinancing package for 250 MW hydropower project in Uganda
The Board of Directors of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) have approved a refinancing package for the 250 MW Bujagali hydr...
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January 24, 2018
IFC-led consortium refinance 175 MW gas-fired power plant in Mozambique
Sasol Limited and Electricidade de Moçambique (EDM) have successfully refinanced the Central Térmica de Ressano Garcia S.A. (CTRG) joint venture project, a 175 MW gas-fired pow...
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June 06, 2016
Engie secures financing for Kathu CSP plant in SA
French energy group Engie has achieved financial closure for the 100-MW Kathu concentrating solar power (CSP) project in South Africa. The company has lined up ZAR 9.2 billion (US$ 610 million) in fin...
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March 31, 2015
Abengoa closes USD 660 million project financing for 100 Mw Xina Solar One
Abengoa recently announced that it has, with its partners the Industrial Development Corporation (IDC), South Africa's Government Employees Pension Fund represented by the Public Investment Corporatio...
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