SUBSIDIARY NAME
ZAMOFLO PTY LIMITED
COUNTRY
SOUTH AFRICA
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
51% IIB-DG
ACQUISITION DATE
JUNE 29TH,2021
ACQUISITION VALUATION
$510 MILLION USD FOR 20 YEARS
TOTAL ASSET VALUATION
5.1 BILLION USD
ENERGY-OIL-REFINERY-GAS
ZAMOFLO PTY LIMITED: IIB-DG in June 29th,2021, acquired Solarus SA (PTY) ltd in south Africa for the purpose of designing, construction, operation and management of a solar power project in Kimberly province (Mathjabene & Motlasana), with specific intent of technology transfer through partnership, job creation for the benefit of the people of the Republic of South Africa. This project does not require any direct or indirect financial support from the government.