Renergen has signed a retainer with the US International Development Finance Corporation (DFC) for a possible US$500mm loan to finance the Phase 2 development of the company’s Virginia gas project, in the Free State province of South Africa. Renergen says it is also considering co-lenders alongside DFC for a further US$200mm, after receiving multiple letters of intent from additional lenders. For Phase 2, Renergen plans to secure 65% debt funding, while equity funding will comprise the balance.
top of page
Search
Recent Posts
See AllDesert Mountain Energy Corp. (DME) secured a legal win, with the Arizona Court of Appeals nullifying the City of Flagstaff's claims and...
In 2024, Total Helium faced major setbacks, mainly due to a C$15.5mm full impairment of the Pinta South Project caused by declining...
This is an opportunity to invest in one of the only helium purification facilities (including proven deliveries of purified helium to end...
bottom of page