News
29 August 2018

Sinosteel sounds out banks for $203m Malawi hydropower project

In:
Power, Renewables
Region:
Middle East & Africa

China’s Sinosteel Equipment and Engineering Corporation, a subsidiary of Sinosteel Group, is sounding out banks for a $162 million loan to finance construction of a $203 million 41MW hydropower plant in Malawi. Financed on a debt to equity ratio of 80:20, the scheme is back by a...

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