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.