Juwi to construct and operate 250 MW PV projects in South Africa
Post date: 15/08/2018 - 18:55
Juwi Renewable Energies has concluded three Engineering, Procurement and Construction (EPC) and Operation & Maintenance (O&M) PV contracts with African Infrastructure Investment Managers (AIIM), totaling 250 MW. Combined value is ZAR 3 billion ($0.2 billion), says the company. AIIM’s IDEAS Managed Fund is a 50.01 percent shareholder in the three projects. Debt funding has been provided by Absa and Nedbank.
The three projects are the 86 MW »Waterloo Solar Park« situated near Vryburg in the North West Province, the 78 MW »Bokamoso Solar Park« situated near Leeudoringstad in the North West Province as well, and the 86 MW »Droogfontein 2 Solar Park« located near Kimberley in the Northern Cape. Construction will commence at »Droogfontein 2« in Q3 2018, at »Bokamoso« in Q4 2018 and at »Waterloo« in Q1 2019. Juwi will operate and maintain the solar plants for an initial contract period of 5 years from commercial operation.
In April, Energy Minister Jeff Radebe announced the contracting of 27 independent renewable energy power producers to add 2,300 MW of renewable electricity to the national grid over the next five years.