The Jasper project was selected by the South African Department of Energy in May 2012 under the South African Renewable Energy Independent Power Producer Procurement Program (REIPPPP) in the second round of bidding. The project was jointly developed by SolarReserve, a U.S. developer of utility-scale solar power projects, Kensani Capital Investments a South African experienced empowerment infrastructure player and Intikon Energy, a South African developer of renewable energy projects.

 

Notice to proceed was  issued on the 17th of June 2013, and construction began immediately thereafter. After an sixteen-month construction period and two months of early operating power, the project began its operations on the 17th of December 2014.

 

The project is based on a 20-year power purchase agreement with Eskom, the South African power utility. The project cost  ZAR2.3 billion ($260 million) and has generated 44 permanent operational jobs.

FASCINATING FACTS

PROJECT DESCRIPTION

The Jasper Power Facility holds an electricity generation license permitting it to operate, generate and sell energy from a 75 MW-AC/ 96 MW-DC PV power station situated in the Northern Cape Province of South Africa. The facility comprises of 39 units of 2-MW-AC Ingeteam  central inverter stations (each central inverter station consists of 2X1,019kW inverters).   Approximately325 600 modules are installed at the Facility.

 

The project is financed on a non-recourse project finance basis, with a  project cost of circa ZAR2.3 billion ($260 million). The completed power facility can generate enough clean energy to power approximately 80,000 homes. Lenders of the project are Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, a leading African Investment Bank and part of one of the largest financial services groups in Africa, and the Development Bank of Southern Africa (DBSA). The DBSA is one of several development finance institutions in Southern Africa. Its purpose is to accelerate sustainable socio-economic development by funding physical, social and economic infrastructure.

 

At project inception the Engineering, Procurement and Construction (EPC) as well as the Operations and Maintenance (O&M) contracts were awarded to Group Five, and  joint venture partners Iberdrola.  Today the Operations and Maintenance of the project is run in a joint venture partnership between GranSolar (GRS) and the Umbono Energy Group, collectively called Jasper OM (Pty) Ltd effective from the 17th of December 2019. With the appointment of Jasper OM (Pty) Ltd, Jasper now has a 51% Black owned operator GRS and its subsidiaries is a company that specializes in the construction of photovoltaic plants and their connection to the grid as well as a multitude of integrated services and has operations in five continents. Umbono Energy Group is a black-owned investor, developer and operator of projects in the natural resources and energy sectors, including early-stage development, definitive feasibility and full operational execution. In addition, 15% of Umbono is owned by 2 B-BBEE trusts focused on education and development with 5% set aside for entrepreneurial women empowerment.

  • JASPER PROJECT OVERVIEW
    • Location: Postmasburg, Northern Cape Province.
    • Technology: Photovoltaic (PV)
    • Size: 96MW-DC installed capacity; 75 MW-AC net generation.
    • Electricity Production: approximately 180 000MW-hours annually.
    • Power Purchaser: 20-year government support PPA with Eskom.
    • Homes Powered: 80,000 homes.
    • Employment: generated in excess of over  1 million man-hours during constructio.
    • Over 325 600 modules used.
    • Covers an area of 150ha
    • Length from North to South – 3km
  • KEY PROJECT BENEFITS
    • Clean, zero-emission solar energy in South Africa.
    • Helping South Africa meet its renewable energy targets.
    • Direct and indirect employment.
    • Local Content: 45% of the total project value is local content spend.
    • Preferential Procurement: 60% of the local content is with BBBEE providers.
    • Operating Expenses: During the 20+ year operating life, the project will expend in excess of ZAR 2 billion on operations and maintenance costs.
    • Long term Enterprise Development and Socio-Economic Development investments.
    • Over 1 million man-hours to construct the plant.
  • OPERATIONAL HIGHLIGHTS
    • Provisional acceptance was achieved almost two months ahead of schedule with Eskom paying the Project Company approximately R 34 M in Early Operating Power payments from 1st November 2014 – 17th Dec 2014.
    • Less than 3% of R 75M contingency was used during the construction of the plant. The latter of which was distributed to Shareholders as a dividend & shareholder loan repayment.
    • The Plant has produced approximated 181, 000 MWh for the first year of operation. This is approximately 3% higher than the financial model P50 forecast and 11% higher than the P90 forecast.
    • Revenue Generation for the 2020 Operational Year was R 485 966 690 million and for the 2019 Operational Year it was R 496 344 654 million.
    • Enterprise Development (ED) and Socio-Economic Development Spend (SED) project spend for 2020 was R 3 116 626. million and R 9 300 514.million, respectively.
    • Enterprise Development (ED) and Socio-Economic Development (SED) project spend for 2019 was R 2 911 328. million and R 6 935 758 million, respectively.
    • Enterprise Development spend from 2015 to 2020 is R 17,004,811 million and for Socio-Economic Development R 42 512,028 million.

+27 (0)11 582 6880

info@jasperpower.co.za

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JASPER POWER COMPANY (RF) Pty Ltd

All Rights Reserved ©2020

HEAD OFFICE:

Riverside Junction, 1st Floor

Building No.:1, 63 St James Crescent

Bryanston, Gauteng, South Africa

Email: info@jasperpower.co.za

Tel: +27 (0)11 582 6880

Fax: +27 (0)11 784 7549

 

SITE ADDRESS:

Jasper Solar Farm, Postmasburg,

Northern Cape, South Africa

(14,5km outside Postmasburg via R385)

JASPER VIDEO
  • JASPER PROJECT OVERVIEW
  • KEY PROJECT BENEFITS
  • OPERATIONAL HIGHLIGHTS
  • JASPER PROJECT OVERVIEW
  • KEY PROJECT BENEFITS
  • OPERATIONAL HIGHLIGHTS
  • JASPER PROJECT OVERVIEW
  • KEY PROJECT BENEFITS
  • OPERATIONAL HIGHLIGHTS