white bar

SUBSIDIARY NAME

JUBILEE LAKES

COUNTRY

SOUTH AFRICA

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

51% IIB-DG

ACQUISITION DATE

JULY 15,2021

ACQUISITION VALUATION

$220 MILLION USD

TOTAL ASSET VALUATION

2.2 BILLION USD

ENERGY-OIL-REFINERY-GAS

JUBILEE LAKES: IIB-DG acquired The Jubilee Lakes Residential and Solar Project in July 15, 2021 for the purpose of implementing, building, roll-out, with the specific intent of addressing job creation, poverty alleviation and economic development in the Region. The project will also focus on the development of roads, houses, golf course with related amenities, wave park, water, electricity and critical infrastructure projects.

white bar