“The joint venture of SolarReserve, a U.S. developer of utility-scale solar power projects, the Kensani Group, an experienced empowered infrastructure player in the Southern African market, and Intikon Energy, a South African developer of renewable energy projects, today announced that the South Africa Department of Energy (DOE) has awarded the consortium preferred bidder status for their two 75 megawatts (MW-DC) Letsatsi and Lesedi solar photovoltaic (PV) projects. The preferred bidder status provides the consortium with the right to proceed with executing the 20-year government-supported power purchase agreements with Eskom, the South African Power Utility. The solar projects will be built in the Free State and Northern Cape provinces of South Africa, with construction scheduled to commence by June 2012.”
About the Kensani Group
Kensani was established 14 years ago for the economic upliftment and empowerment of women in South Africa. Kensani is an informed and experienced Broad-Based Black Economic Empowerment group (BBBEE) focused on providing investment and other services in the Southern African infrastructure sector. Given Kensani’s successful infrastructure track record, Kensani is leveraging its significant expertise into the fast-growing South African renewable energy sector as financial advisor, investor and operator.
About Intikon Energy
Intikon is owned collectively by CS Solea Pty Ltd (“CS”) and Triangle Ventures Pty Ltd (“Triangle”). The proponents involved with CS and Triangle have previously developed, in conjunction with Infigen Energy, Babcock & Brown and National Power Partners, two of the largest operational renewable energy projects in Australia; namely the Alinta Wind Farm, an 89 MW wind farm located east of Geraldton in Western Australia, and Capital Wind Farm a 140 MW wind farm located near Canberra. They are currently developing a further 400 MW of Australian wind farms and through their roles with Infigen Energy were instrumental in securing full environmental authorisation for the development of 230 MW of photovoltaic solar farms in New South Wales.
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