PIC buys stakes in solar power projects

File photo: Reuters

File photo: Reuters

Published Mar 18, 2015

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Johannesburg - South Africa's biggest pension fund has paid R22 billion to buy stakes in two solar power stations in the Northern Cape, it said on Wednesday.

The state-owned Public Investment Corporation said it has taken 20-percent stakes in Ilanga and Xina power stations, which are expected to add 200 megawatts of power to the national grid.

Reuters

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