IPP and partner issue bond for solar CPV plant

Published Jun 5, 2013

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IPP and partner issue bond for solar CPV plant

Independent power producer (IPP) Pele Green Energy and solar concentrated photovoltaic equipment maker Soitec have raised the first green bond in Africa for their concentrator photovoltaic (CPV) power plant. The 44 megawatt-peak Touwsrivier solar CPV plant raised a debt facility through a R1 billion bond issue on the interest rate market of the JSE. This was the third bond issued for a renewable energy power plant in the world. It is the world’s largest CPV power plant and was the first such power plant to be selected as a preferred bidder in South Africa’s renewable energy IPP programme. The plant is scheduled for completion by June 2014. – Londiwe Buthelezi

Ngqura records highest growth

Transnet’s Ngqura container terminal has had the highest annual volume growth of all world terminals in the past year. A Drewry Maritime Research Company study showed it grew volumes 129 percent year on year after it was upgraded to become a trans-shipment terminal. But its volumes came off a low base as it only began operations in 2009. – Londiwe Buthelezi

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