SUBSIDIARY NAME
Namibia and South Africa 1,000 megawatts SOLAR Project
COUNTRY
Republic of Namibia
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
September 18, 2022
ACQUISITION VALUATION
1.5 BILLION
TOTAL ASSET VALUATION
15 BILLION
ENERGY-OIL-REFINERY-GAS
“Namibia and South Africa 1,000 megawatts SOLAR Project” by Calvary Mines and Energy acquired on September 18, 2022 for Buying equipment and inputs in developing the solar farm and power transmission equipment.