Data provided by iNet BFA
Loading...
See More

Shanduka to start on wind power plant

Nov 22 2012 09:23 I-Net Bridge
Wind turbines

Construction of a 73.8MW wind power plant near Victoria West in the Karoo will start shortly. (AP)

Related Articles

Molewa intervened in Shanduka row - report

UK firm to help power southern Africa

Chinese buy into Shanduka group

Shanduka eyes bigger slice in coal venture

Assore, Shanduka seal BEE deal

Ramaphosa lends hand with Lonmin burials

 
Johannesburg - Cyril Ramaphosa's investment holding company Shanduka‚ together with its consortium partners‚ will shortly begin construction of a 73.8MW wind power project near Victoria West in the Karoo.

The project‚ Noblesfontein Wind Power Project‚ reached financial close earlier this month‚ Shanduka said on Thursday.

The project is one of those identified by the Department of Energy as part of the first round of its Independent Power Producer Procurement Programme.

Power purchase and implementation agreements were signed with the department and Eskom earlier this month.

Around R1.5bn will be invested in the project over the next two years. It is expected to start generating power from July 2014.

The project is driven by a consortium of Shanduka (with a 25% stake)‚ Gestamp Wind (60%)‚ a Spanish company that develops‚ constructs and operates wind farms in the world’s leading wind energy markets‚ and Sarge (12.5%)‚ a Cape Town-based renewable energy developer.

Of the shareholding‚ 2.5% is allocated to a communities trust.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

shanduka  |  cyril ramaphosa  |  electricity  |  wind power
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
7 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Life gets tough for OneRandMan

Life is getting a little crazy for OneRandMan. With all his debit orders and credit repayments taken care of, he has little left to spend on tempting extras.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...