‘We are not involved’: Absa says it won’t be funding Karpowership

Absa Group has settled on a final position not to fund the controversial Karpowership projects in South Africa, it confirmed on Friday. Speaking at the banking group’s annual general meeting on Friday, chairperson Sello Moloko cut short a question posed by an activist organisation to confirm that Absa would not be funding the Turkish company’s emergency gas-to-power projects.