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SUBSIDIARY NAME

CO ASH GAS POWER PLANT

COUNTRY

ZIMBABWE

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

JULY 3RD 2021

ACQUISITION VALUATION

2.5 BILLION USD

TOTAL ASSET VALUATION

25 BILLION USD

ENERGY-OIL-REFINERY-GAS

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.

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