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BPC’s Module B project refinances bridge loan
11 August 2010
Botswana Power Corporation has refinanced its bridge facility for the Morupule B coal-fired power and transmission project located in the Palapye Township, Botswana.
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Module B project
Botswana Power Corporation
Chinese infrastructure Africa
Botswana Power Corporation (BPC) has refinanced its $140 million bridge facility for its $825 million 20 year project financing for the Morupule B coal-fired power and transmission project, located in the Palapye Township, Botswana.
The bridge facility funding was provided by Industrial and Commercial Bank of China (ICBC) with Standard Bank providing the guarantee as well as a sovereign guarantee. Both the bridge facility and the term facility enjoy a sovereign guarantee from the Botswanan government. The bridge facility was repaid...
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