Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
17-10-22
Chief executive: ACWA Power seeks to finance USD10B in renewables in South Africa
(MENAFN) Saudi Arabian utility company ACWA Power is seeking to finance USD10 billion in renewables counting in green hydrogen in South Africa throughout the additional five years, as stated by its chief executive.
In an exclusive meeting with Arab News on the offshoots of the Saudi-South African Investment Forum in Jeddah on the 16th of October, Paddy Padmanathan mentioned that the firm can boost the speed of funds to USD25 billion by the end of this decade if the South African administration eases the prospect.
Padmanathan stated that “We're happy to invest over 5 billion in renewables and we're happy to invest another USD5 billion in hydrogen, or USD10 billion…no issue. These are within the next five years. By 2030, for sure, 25 billion, it's very doable.”
He continued saying that South Africa wants to move quicker in terms of starting and delivering these ventures.
“We are very happy with the competitive tendering environment. It is just that the government must be followed through quickly and process the projects,” he also mentioned.
MENAFN17102022000045014228ID1105030826
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us