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.