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SUBSIDIARY NAME

CONCREEK IIB UTILITIES

COUNTRY

SOUTH AFRICA

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

51% IIB-DG

ACQUISITION DATE

JULY 2ND, 2021

ACQUISITION VALUATION

$150 MILLION USD

TOTAL ASSET VALUATION

1.5 BILLION USD

ENERGY-OIL-REFINERY-GAS

CONCREEK IIB: IIB DG acquired Concreek IIb in July 15, 2021 for the construction of a large water storage dam (+/-2.3 million m3) with associated infrastructure such as bulk services infrastructure, purification, bottling plants, contractor lay-down areas, camps and facilities necessary to complete the construction. In the second phase, IIB will construct a solar plant(+/-20MW) to generate and store electricity with associated infrastructure to be fed into the national grid and supply power to public and private client.

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