| Wed 4 Apr 2012, 11:41 | | ELI - Ellies Holdings Limited - Ellies power save project |
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ELI
ELI
ELI - Ellies Holdings Limited - Ellies power save project
Ellies Holdings Limited
Registration number 2007/007084/06
Share code: ELI
ISIN: ZAE000103081
("Ellies")
ELLIES POWER SAVE PROJECT
Ellies, a leading South African manufacturer, wholesaler, importer and
distributor in diversified sectors, including consumer goods, renewable and
energy savings and infrastructural power and telecommunications, servicing the
local and African market, is pleased to report the completion of their first
Eskom contract to remove 45 Megawatts ("MW") from the national grid.
Background
Project Power Save is a joint initiative, between Ellies Renewable Energy (a
division of Ellies (Proprietary) Limited) and Eskom, which by utilising
Ellies` existing installation logistics capacity intends to reduce the amount
of electricity consumed across the nation by installing geyser timers and
replacing incandescent and halogen light bulbs and showerheads, at no cost to
the homeowner, with CFL`s, LED`s and energy efficient showerheads.
Implementation
Implementation of the first phase began on 6 February 2012 and was to be
completed by 31 March 2012. Ellies is happy to announce that the project was
completed four days ahead of schedule, on 27 March 2012, with just over
270,000 homes visited. Ellies Renewable Energy is not only saving electricity
through efficient consumption but is also empowering members of the community
by training and employing them as installers, to assist with Project Power
Save. To date almost 2,900 individuals were trained and employed.
New phase
Ellies started a new extension of phase one of this project on 1 April 2012,
which will end on 30 June 2012. The extension aims to further reduce energy
consumption by an additional 30MW. This extension of the project aims to visit
roughly 140,000 additional homes and employ a further 500 installers.
Future developments
Ellies Renewable Energy is committed to this project and initiative and will
keep investors updated on a regular basis as to any new projects awarded and
the progress of ongoing projects.
4 April
Sponsor
Java Capital
Date: 04/04/2012 11:41:31 Produced by the JSE SENS Department.
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