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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.

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