SUBSIDIARY NAME
ONTBYTSAKE (PTY) LIMITED
COUNTRY
SOUTH AFRICA
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
JUNE 29TH 2021
ACQUISITION VALUATION
$120 MILLION USD
TOTAL ASSET VALUATION
1.2 BILLION USD
ENERGY-OIL-REFINERY-GAS
SPV – ONTBYTSAKE (PTY) LTD: IIB-DG acquired (SPV – Ontbytsake (Pty) Ltd on 29th June, 2021 with the sole responsibility to procure, deliver, install and commission the 80MW Solar Renewable Energy Farm near Bela Bela on the farm Sondela through private participation on, Build, Own, Operate and Transfer (the “BOOT”) basis for the benefit of the people of the Republic of South Africa.