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Recently, the BRICS New Development Bank has approved a $300 million loan for energy projects in South Africa and $300 million for transport projects in China
.
The BRICS New Development Bank provided a US$600 million loan to a China project in South Africa
The BRICS summit will be held
in Johannesburg later this week.
South Africa is working to diversify its energy mix to reduce its reliance on
heavily polluting coal-fired power plants.
In recent years, South Africa has launched several rounds of tenders for billions of dollars in renewable energy transactions, the latest of which is expected to open
by the end of the year.
The BRICS New Development Bank said in a statement that the $300 million loan to South Africa will be made through the Southern African Development Bank and will focus on
projects to reduce carbon dioxide emissions and improve energy efficiency.
A $300 million loan to China for a new metro line
in Luoyang City.
Through these two projects, the bank's loan portfolio exceeds $5.
7 billion
.
In July, Russia said it was negotiating
with the New Development Bank for more than $1 billion in loans for infrastructure projects.
，
Recently, the BRICS New Development Bank has approved a $300 million loan for energy projects in South Africa and $300 million for transport projects in China
.
The BRICS New Development Bank provided a US$600 million loan to a China project in South Africa
The BRICS New Development Bank provided a US$600 million loan to a China project in South AfricaThe BRICS summit will be held
in Johannesburg later this week.
South Africa is working to diversify its energy mix to reduce its reliance on
heavily polluting coal-fired power plants.
In recent years, South Africa has launched several rounds of tenders for billions of dollars in renewable energy transactions, the latest of which is expected to open
by the end of the year.
The BRICS New Development Bank said in a statement that the $300 million loan to South Africa will be made through the Southern African Development Bank and will focus on
projects to reduce carbon dioxide emissions and improve energy efficiency.
A $300 million loan to China for a new metro line
in Luoyang City.
Through these two projects, the bank's loan portfolio exceeds $5.
7 billion
.
In July, Russia said it was negotiating
with the New Development Bank for more than $1 billion in loans for infrastructure projects.
，
