RBH wins bid in DoE's Independent Power Producers Procurement Programme
- Published: Monday, 10 October 2016 13:11
RBH today announced the success of RBH's bid in the Department of Energy's Independent Power Producers Procurement Programme. RBH, through the Thabametsi project, has partnered with Marubeni and Kepco to deliver on the much needed baseload capacity in South Africa. RBH is a 15% shareholder in the project.
According to Energy Minister Ms Tina Joemat–Pettersson, both Thabametsi and Khanyisa will collectively add 863.3MW to the country's grid. Working closely with the Department of Energy, the project will form part of South Africa’s energy build plan and is set to add much needed capacity to our national grid, unlock investment in infrastructure and stimulate local procurement.
For RBH, this project is an important part of our journey towards portfolio diversification. The investment forms part of RBH’s goal to seek long term investment opportunities and build portfolio resilience by increasing exposure to non-cyclical assets.