BSR - Basil Read Holdings Limited - Voluntary Business Update
BSR
BSR
BSR - Basil Read Holdings Limited - Voluntary Business Update
Basil Read Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1984/007758/06)
Share Code: BSR ISIN: ZAE000029781
("Basil Read" or the "company")
METROWIND SELECTED AS A PREFFERED RENEWABLE IPP BIDDER
The MetroWind Van Stadens Wind Farm ("MetroWind") is among 28 projects that have
been selected as renewable energy preferred independent power producers
("IPP`s") by the South African Department of Energy ("Department of Energy").
Basil Read has a 35% interest in MetroWind, and also has an Engineering,
Procurement and Construction contract valued at ZAR450 million to construct the
MetroWind project.
MetroWind has been allocated the following capacity:
26.19 MegaWatt ("MW") out of a total capacity of 633.99 MW, in respect of
onshore wind projects, and
Metrowind had submitted its bid alongside with 52 other IPPs in response to a
request for proposals first published by the Department of Energy on 3 August
2011. This bid window closed on 4 November 2011, and Metrowind, together with
the other preferred renewable energy IPP`s now have until 30 June 2012 to bring
their respective projects to financials close.
The Department of Energy released the following statement to the media on
Wednesday, 7 December 2011: "The Department is confident that the Preferred
Bidders will successfully conclude their project arrangements in order to meet
the Financial Close deadline of 30 June 2012 and for construction to commence
shortly thereafter."
Johannesburg
13 December 2011
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Date: 13/12/2011 09:16:00 Produced by the JSE SENS Department.
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