China Business News: ICBC, Standard Bank to lend US$825 mln to Botswana power plant

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ICBC, Standard Bank to lend US$825 mln to Botswana power plant

May 14, 2009 (China Knowledge) - Industrial and Commercial Bank of China (ICBC)<601398><1398>, the world's biggest lender by market value, will team up with Standard Bank, which is 20% held by the Chinese lender, to provide a total of US$825 million in 20-year loans to support the expansion of a coal power station in Botswana, according to a statement released by Standard Bank on Tuesd

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