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.