Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa by Lovemore Freddie...

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Proposed Project: Northam Solar PV Project Project Name: Northam Solar PV plant Location: Northam, (near Thabazimbi in Limpopo Province) South Africa GPS Coordinates: Lat: 24°59’57.39”S Lon: 27°14’40.16”E Technology: Photovoltaic (PV) Commercial Scale. Size: 5 MW-DC capacity; AC net generation Electricity Production: approximately 800 MW-hours annually Power Purchaser: Expected 30-year government supported PPA with ESKOM Homes to be Powered: Approximately 18,000 homes Land Currently available: Yes (10.6 Hectares) but no option to buy it.

Transcript of Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa by Lovemore Freddie...

Page 1: Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa  by Lovemore Freddie Mauled

Proposed Project: Northam Solar PV Project

Project Name: Northam Solar PV plant

Location: Northam, (near Thabazimbi in Limpopo Province) South Africa

GPS Coordinates: Lat: 24°59’57.39”S

Lon: 27°14’40.16”E

Technology: Photovoltaic (PV) Commercial Scale.

Size: 5 MW-DC capacity; AC net generation

Electricity Production: approximately 800 MW-hours annually

Power Purchaser: Expected 30-year government supported PPA with ESKOM

Homes to be Powered: Approximately 18,000 homes

Land Currently available: Yes (10.6 Hectares) but no option to buy it.

Page 2: Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa  by Lovemore Freddie Mauled

Portion of land labelled “B” is available for the Solar Project

Page 3: Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa  by Lovemore Freddie Mauled

Enter the industry as an Independent Power Producer (IPP)

Enter the market NOT through the bidding process. (Unregulated) Enter into Private Power Purchase Agreements with private clients Enter into a Wheeling agreement with ESKOM.

Proposed Entry Into The Renewable Energy Sector

Page 4: Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa  by Lovemore Freddie Mauled

What Has Been Done So Far Developed a project concept report. Secured land. Obtained land-owner’s consent to use land for Solar PV plant Consulted and engaged with ESKOM advisors Obtained Environmental Impact Assessment (EIA) and Land-rezoning quotations

Page 5: Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa  by Lovemore Freddie Mauled

What Remains To Be Done **It should, however, be noted that most of the activities below can be made to run concurrently: Seek investment finance /funding partner in return for equity. Do a feasibility study report and business plan. Negotiate for more land with neighbouring agricultural plot holders. Rezone the land from an agricultural land use to a solar farm. Requires ZAR 52 000. Carry out EIA and submit to Department Of Environmental Affairs. Requires about

ZAR330 000. Negotiate Power Purchase Agreements with private clients and ESKOM Clear and level land (if need be. Otherwise the current site is flat already and

minimum environmental disturbance is envisaged). Procure panels, fittings and rails. Consider EPC. Employ and train labour and install PV panels. Connect to current grid. Commission the plant.

Prepare a decommissioning plan for 25-30 years.

Page 6: Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa  by Lovemore Freddie Mauled

Timing The remaining activities can be run concurrently. These activities can be completed in a period ranging from 6 to 12 months (or even

less).

Page 7: Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa  by Lovemore Freddie Mauled

Project Benefits A. To Project Owners Ability to Build, Operate and possibly Transfer the power plant. Income/ revenue from the sale of electricity generated. Creation of opportunity for possible expansion into other cities, towns and countries in Africa. Low maintenance costs, because a PV facility is a fixed installation, and has no moving parts. Since the sun’s energy is free of charge and relatively consistent and predictable in an average year, despite

diurnal and seasonal variables, investment in PV represents long-term, predictable, lucrative investment opportunities with comparatively low risks.

The market for solar power plants continues to develop and increase B. To Communities Creation of employment. Exchange of knowledge and skills. Empowerment. Provision of the much needed electricity in communities. Creation of community projects as part of Corporate Social Responsibility. C. To the country Economic development Social development Good constant supply of electricity hence no more power cuts/outages hence improving lives of its citizens.

Page 8: Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa  by Lovemore Freddie Mauled

Other Potential Supporting Projects Whilst aiming at installing a commercial solar power pv plant, Zuvan Renewable Power also plans to develop mobile solar power units to install and sell power to informal sectors or high density suburbs where electricity has not yet been connected. Mobile Solar Electricity Units for Informal Settlements. Definition Mobile Solar Electricity units are movable, non-fixed off-grid electricity generation plants. They can be trailer-mounted or can be placed on frames on the ground. The solar panels are fitted to frames in such a way that they can be easily removed at a later stage. Application Mobile Solar Power units can run for as long as 25 to 30 years. In some African countries, mobile solar units are being used extensively in clinics and hospitals in the remote areas or in areas where the countries’ electricity distribution infrastructure cannot reach.

Page 9: Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa  by Lovemore Freddie Mauled

Other Potential Supporting Projects

Page 10: Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa  by Lovemore Freddie Mauled

Zuvan Project Team

Title Name Position Photograph

Ms Nobom. G. Mfabana Director Stakeholder Relations Email: [email protected] Email: [email protected] Cell: +27 79 528 3955

Mr Lovemore Mauled Chief Executive Officer Email: [email protected] Email: [email protected] Cell : + 27 71 980 1399

Mr Mduduzi Madikane Director : Project Development Email: [email protected] Email: [email protected] Cell: +27 79 212 2197

Mr Solly Lebogo Director: Project Development Email: [email protected] Email: [email protected] Cell: +27 84 587 7645

Page 11: Solar PV Projects Seeking JV Partners/Investors near Thabazimbi, South Africa  by Lovemore Freddie Mauled

Capital Requirements The company is seeking to raise at least US$9 to US$13 million (nearly

ZAR129million) for the project. The company is prepared to cede equity to joint venture partners or to the

investor.

Contact Details Mr Lovemore Mauled

+ 27 71 980 1399

[email protected] or [email protected]

Ms Nobom Tshiki-Mfabana +27 79 528 3955

[email protected]