Building Energy signs an agreement on Energy in South Africa

Building Energy Signs Agreements With the South African Energy Ministry for the Development of a 147 MW Wind Project in Roggeveld and a 4,7 MW Hydroelectric Plant in Free State

Cape Town, 16thApril 2018 - Building Energy, a multinational company operating as a global integrated Independent Power Producer (IPP) in the Renewable Energy Industry, on 4 April 2018 signed Power Purchase Agreements in Johannesburg with the South African state owned utility Eskom Holdings SOC Ltd to build, own and operate a 147 MW wind plant in Roggeveld and a 4,7 MW mini hydroelectric plant in Free State. The deals were made official with the presence of South African Energy Minister Jeff Radebe and Matteo Brambilla, Building Energy Managing Director Africa and Middle East.

The Company had been awarded preferred bidder status under Round 4 of the South African Department of Energy Renewable Independent Power Producer Procurement (REIPPP) Programme for the wind and hydro projects in April 2015. These agreements signed on Wednesday, 4 April 2018, will be the official start for the construction of the wind farm in Roggeveld, in the Laingsburg area, straddling the border between the Northern and Western Cape Provinces and the small-hydroelectric plant in Kruisvallei, in the Free State Province.

The overall investment in the construction of the two plants amounts to 324 million Euros.

(to be continued )