Xina, a parabolic-trough plant that will have five hours of molten salt storage, entered construction last December in South Africa’s Northern Cape, and is due online in 2017.
The financing comes from a slew of development banks and local investment banks, among them the Africa Development Bank, the International Finance Corporation, Nedbank and Rand Merchant Bank.
Abengoa owns a 40% stake in Xina, with the rest held by its local consortium partners – the Industrial Development Corporation, the Public Investment Corporation and Kaxu Community Trust.
Earlier
