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SUBSIDIARY NAME

FULLFIRE PV SOLAR FARM

COUNTRY

ZIMBABWE

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

SEPTEMBER 6TH 2021

ACQUISITION VALUATION

$2.5 BILLION USD

TOTAL ASSET VALUATION

25 BILLION USD

ENERGY-OIL-REFINERY-GAS

FULLFIRE AFRICA ENERGY PRIVATE LIMITED: IIB-DG acquired Fullfire Africa energy private limited for the purpose of designing, financing, constructing and developing a 750W Grid Connected Solar Photovoltaic parks with specific intent of technology transfer through partnership, job creation for the benefit of the people of the Republic of South Africa.

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