ECAs fund coal fired power in Botswana / South Africa

(, South Africa, 18 October 2006) The debt portion of a US $5.5 Billion coal mining and power station project in Botswana on the border with South Africa will likely be syndicated on a non-recourse basis to export credit agencies and banks. While offering potential industrial development, global warming from carbon emmissions threatens a cataclysmic effect on the global economy according to a just released report from the head of the British government's economic service and a former chief economist of the World Bank