Law firm Allen & Overy advises on first long term funding for captive power in SA
Speaking from the African Energy Forum this week, Alexandra Clüver, a partner in international law firm Allen & Overy’s Johannesburg office confirmed that the firm had advised RMB as mandated lead arranger and lenders to the three projects, enabling Harmony to move away from coal power and, for the first time, independently procure its own stable, affordable green power. These are the first long term financed projects closed under the new electricity regulations.