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SUBSIDIARY NAME

Namibia and South Africa 1,000 megawatts SOLAR Project

COUNTRY

Republic of Namibia

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

September 18, 2022

ACQUISITION VALUATION

1.5 BILLION

TOTAL ASSET VALUATION

15 BILLION

ENERGY-OIL-REFINERY-GAS

“Namibia and South Africa 1,000 megawatts SOLAR Project” by Calvary Mines and Energy acquired on September 18, 2022 for Buying equipment and inputs in developing the solar farm and power transmission equipment.

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