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uMhlaba
Project

uMhlaba

During the year under review, Hulisani incorporated a new venture focused primarily on accessing land lease cash flows from IPPs in an innovative and unique manner.

Avon/Dedisa Peaking Power
Project

Avon/Dedisa Peaking Power

Hulisani made an investment in the Avon and Dedisa open cycle gas turbine (OCGT) plants in April 2017 through an exchangeable loan which entitles us Hulisani to 9% of the equity in Avon and Dedisa. Hulisani advanced this loan to Legend Power Solutions (the empowered shareholder in
each of the Avon and Dedisa OCGT plants. Legend Power Solutions holds a 27% equity stake in each plant.

Rustmo Solar PV
Project

Rustmo Solar PV

Hulisani acquired Momentous Technologies, a holding company with its asset being a 66% shareholding in the RustMo1 CPV Solar Farm.

GRI Wind Towers
Project

GRI Wind Towers

Hulisani made an indirect acquisition of 25.5% in GRI, a producer of wind towers to the global market for R82.5 million.