Absa Capital, a South African investment bank, is shifting its focus to the power and energy sector concluding that it is crucial to encouraging investment, industrial development, and sustainable economic growth.
Power generation projects require long lead times, but Absa Capital provides risk management solutions associated with transactions where there is exposure to debt. The bank, affiliated with Barclays Capital, is capable of raising large syndicated loan facilities in a variety of currencies, according to Absa Capital’s Head of Power and Energy Omar Vajeth. He added, "Our strength lies in our ability to combine financial muscle and underwriting capability with the expertise vital to each stage of project development, which includes assessing preliminary project feasibility, developing appropriate financial structures and arranging, underwriting and syndicating transactions in the domestic and international banking market."
The financier covers the clean development mechanism (CDM) including the project idea of buying/selling issued carbon emission reduction (CER) certificates.
See also: Absa Sees Earnings Rise on African Investment
Alternative Energy Africa is trying to reduce its own carbon footprint in 2011. Ask about our electronic subscriptions and online marketing campaigns specially tailored for individual companies.