Renergen eyes $500m loan from US financier for Virginia gas plant

Emerging helium and natural gas group Renergen, which is in the process of commissioning the first phase of its Virginia gas plant, says it is evaluating a possible $500m (R7.7bn) loan for the second phase of the project, which will be about 12 times larger than the first.

Renergen said in a statement on Monday that it has signed a retainer letter with the US International Development Finance Corporation (DFC), a development financier that has already provided the energy group with $40m...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Subscribe Sign in

Cancel anytime.

Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

SIGN UP

SIGN IN

Please read our Comment Policy before commenting.