Investec, UK Climate Investments commit 1 bln rand to Africa renewables
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LONDON:
* Asset manager Investec and UK Climate Investments have committed 1 billion rand ($72 million) to investment vehicle Revego Africa Energy Limited for renewable energy projects, they said on Thursday
* Revego will try to acquire equity in operational renewable energy projects in sub-Saharan Africa and aims to speed up the installation of new low-carbon energy generation
* Revego plans to seek a listing on the Johannesburg Stock Exchange in the first half of 2019
* UK Climate Investments is a joint venture between the Green Investment Group and the British government ($1 = 13.8061 rand) (Reporting by Nina Chestney Editing by Alexander Smith)
Source: in.reuters
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