Zimbabwe
SUBSIDIAIRY NAME | COUNTRY | SECTOR/INDUSTRY | OWNERSHIP % | ACQUISITION DATE | ACQUISITION VALUATION | TOTAL ASSET VALUATION |
---|---|---|---|---|---|---|
FULLFIRE PV SOLAR FARM | ZIMBABWE | ENERGY | 70% IIB-DG | SEPTEMBER 6TH 2021 | $2.5 BILLION USD | 25 BILLION USD |
RUFARO SOLAR FARM | ZIMBABWE | ENERGY | 70% IIB-DG | FEBRUARY 13TH 2021 | $250 MILLION USD | 2.5 BILLION USD |
CO ASH GAS POWER PLANT | ZIMBABWE | ENERGY | 70% IIB-DG | JULY 3RD 2021 | $2.5 BILLION USD | 25 BILLION USD |
THE CBM (COAL-BED METHANE) | ZIMBABWE | ENERGY | 70% IIB-DG | 4.3 BILLION | 43 BILLION |
ENERGY, OIL REFINERY, and GAS
HOREB CAPITAL (PTY) LTD: IIB-DG acquired Horeb Capital (PTY) LTD on February 13, 2021, for the purposes of financing, constructing, and developing Rufaro Solar Farm in Zimbabwe having been Convinced of the importance of investment with a knock-on effect on the economy of the country and creation of employment.
CO-ASH RESOURCES (PVT) LTD: IIB-DG acquired Co-Ash Resources (PVT) Ltd for the purpose of designing, financing, constructing, and developing Co-Ash Resources 1000 MW Combined Thermal Gas Power Plant in Matabeleland North, Zimbabwe, which will improve the economic aspect of the country and create employment.
RAVETCH INVESTMENT PVT LTD: Pilot Gas Production with a 350Kva generator on-site and the Report by Grant Thornton clearly demonstrates the business case. Our competitive advantage is that the extent of the resource is among the highest in the world, and we are the only ones who have done extensive exploration with a proven resource of about US$15billion. The technology to be employed is the latest and most cost-effective.
MINING
RAVETCH INVESTMENTS (PVT) LTD: The SG is in the Lubimbi coal field area, southeast of the Hwange coal fields. It is one of the largest CBM deposits in the world, and Discovery has a 25-year production license over 1,100 km² with the potential for thousands of wells that require no fracking. This Executive Summary will also highlight the advantages of CBM to Zimbabwe’s economy and ensure cheap and affordable energy for the poor.