Shares are the units into which the ownership interest in a profit company is divided. The share capital of a company is made up of the funds contributed by shareholders to the company in exchange for their shares in the company. Here are Jasper Power Project's International and South African shareholders profiles.
5% Solar Reserve - Solar Reserve Humansrus PV2 (Pty) Ltd
7,5% P.E.A.C.E. Humansrus Trust
4,79% GAIA - Oakleaf Investment Holdings 90 (Pty) Ltd
18,125% Google - Goldfish Solar 2A LLC
23,125% Okran 21 (RF) Pty Ltd
41,46% PIC Oakleaf - Oakleaf Investment Holdings 90 (Pty) Ltd
Equity Investment for the 96MW (DC) Jasper Power Project has been provided by a strong group of International and South African shareholders who jointly have experience in all aspects of development, funding, construction and operations of solar photovoltaic projects and they are:
SR Energy is a leading energy solution provider in Africa based in Johannesburg. We provide competitive, current and innovative power solutions to utility, mining and C&I clients on a turn-key basis including integrated hybrid solar, thermal and battery solutions for both on and off grid connections in various industries.
Following a management buy-out in 2019, SR Energy became the shareholder of SolarReserve South Africa, a business previously owned by California based SolarReserve, Inc. The post-acquisition management team has remained the same, retaining the service delivery and value add our partners have been accustomed to.
SolarReserve South Africa was established in 2010 in order to assist with the energy crisis South Africa was faced with. Since then we have been awarded 350 MW of PPAs and have developed 250 MW of solar PV projects that are currently in operation.
We are an industry leading asset manager and provide comprehensive asset management services allowing investors access to best in class management of their investments including technical, financial, HSSE and economic development. We currently manage the Jasper PV Power Project, one of the largest individual solar projects in Africa.
Our African pipeline includes utility scale and small-scale embedded generation projects to both utility, mining and C&I customers. The portfolio is comprised of fully permitted sites with negotiated PPAs in attractive, high growth renewable energy markets including South Africa, Mozambique, Zimbabwe, Zambia, Namibia, Mali and Guinea.
OKRAN 21 (RF) PTY LTD
Okran 21 (RF) Proprietary Limited is a subsidiary of the Kuaji Energy Group of Companies and is 77% Black Owned. The Kuaji Energy Group of Companies have invested in various projects within the Renewable Energy Independent Power Producer Procurement Programme.
As an experienced empowerment player in the infrastructure sector, Okran 21 (RF) Proprietary Limited is focused on delivering a unique, comprehensive and value-based approach to empowerment investment and infrastructure projects.
Public Investment Corporation SOC Limited (PIC) is the largest, most successful investment management company on the African continent. Solely owned by the South African government, they have managed public sector funds since 1911. Today, the PIC's assets under management total approximately R1.4 trillion.
PIC invests funds on behalf of public sector entities’ pension funds, based on investment mandates dictated by each of these clients, and approved by the Financial Services Board (FSB). The largest of these is the Government Employees Pension Fund (GEPF), which accounts for more than 88% of assets under management.
GAIA Infrastructure Capital is a leading infrastructure investment holding company of infrastructure assets in South Africa. GAIA Infrastructure Capital focuses on emerging South African infrastructure investment opportunities, specifically in the energy, transport and water and sanitation sectors. We believe there is a great need for investment vehicles that enable investors to access the South African and sub-Saharan African growth story.
South Africa has massive infrastructure requirements, at an estimated cost of R3 trillion over 15 years, these infrastructure needs are unaffordable for the state. South Africa has a highly developed savings industry that is under-invested in the infrastructure space. Pension funds and asset management firms often have limited investment mandates and buy-side expertise in the infrastructure asset class. GAIA Infrastructure Capital will present the investment community with viable investment opportunities in infrastructure.
GAIA Infrastructure Capital will present investors with a portfolio of infrastructure assets that are operational, present low investment risk and are income generating assets.
GAIA Infrastructure Capital is run by leading investment, engineering and strategy experts.
One of the requirements contained in the Request For Proposal (RFP) for satisfaction by the project company, is that it must comply with the economic development obligations which has, as one of its requirements, the obligation that local communities must also benefit from the IPP Procurement Programme.
Therefore, in line with project’s economic development obligations, the project has ensured participation by local communities, through the P.E.A.C.E Humansrus Trust. The Trust will thus hold shares, and the project company will make distributions to the Trust for the benefit of the local communities.
The main objectives of the Trust will be to ensure that any dividends received will be utilised to fund social upliftment projects that will empower the communities in and around the Jasper Power Project site.
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+27 (0)11 582 6880
JASPER POWER COMPANY (RF) Pty Ltd
All Rights Reserved ©2020
Riverside Junction, 1st Floor
Building No.:1, 63 St James Crescent
Bryanston, Gauteng, South Africa
Tel: +27 (0)11 582 6880
Fax: +27 (0)11 784 7549
Jasper Solar Farm, Postmasburg,
Northern Cape, South Africa
(14,5km outside Postmasburg via R385)