Nambia’s Deputy Minister of Mines and Energy Kornelia Shilunga has announced that the Ejuva One and Ejuva Two solar power plants have opened. The projects, which are among the 14 projects in the Renewable Energy Feed-in-Tariff (REFiT) program, initiated by the Ministry of Mines and Energy and the Electricity Board to establish independent power […]
Gobabis, Namibia welcomed the official opening of two solar power plants this week with a total build cost of $21 million. Ejuva One and Ejuva Two, located side by side, were constructed and managed as one project feeding an estimated 25.8GWh per annum into Namibia’s national grid. It is among the 14 renewable energy […]
Capitalising on the robust energy markets in Africa, pan-African infrastructure group – Consolidated Infrastructure Group (CIG) – today posted double digit revenue growth for the six months to February 2017, during which the group markedly advanced its strategic objective to expand across Africa. The decentralised group leveraged its broader geographical footprint to amass 65% of […]
Noteholders are advised that Moody’s Investor Services (“Moody’s”) has corrected the short term local currency issuer rating of CIG to Not Prime (NP). Due to an internal administrative error, Moody’s assigned an incorrect rating of P-3 on 11 May 2016. The upgrade in the national scale rating from Baa2.za to A3.za on the 11 May […]
With over 40% of its business derived from African markets, it was only a matter of time before infrastructure development specialist Consolidated Infrastructure Group (CIL) made its first acquisition outside SA.
CIL announced the acquisition of a 30.5% interest in Angola Environmental Serviços Limitada (“AES”), an Angolan based company providing waste management services to the oil and gas sector
CONCO Operations and Maintenance (O&M), a subsidiary of JSE-listed Consolidated Infrastructure Group Limited (CIG), was recently established to address the needs of the renewable energy sector across Africa. The company’s launch comes hot on the heels of the South African government’s announcement to go ahead with 28 wind and solar projects in the first window […]