KINETIKO TO PROCEED WITH INSTALLATION OF PILOT GENSET AT AMERSFOORT PROJECT

idc funding joint venture development

  • Requirement for Private Power Producers to hold generation licences (IPP Licenses) has been removed by South Africa’s Department of Mineral Resources and Energy (DMRE)
  • South African Governments Energy Action Plan outlines a number of interventions to combat national energy crisis including:
    • Enabling and accelerating private investment in generation capacity
    • Accelerating the procurement of new capacity from renewables, gas and battery storage
    • Fundamental transformation of the electricity sector to achieve long-term energy security
  • Kinetiko now able to proceed with installation of its own pilot generator set at Amersfoort Project
  • Kinetiko subsidiary, Afro Energy (Pty) Ltd, has terminated a proposed 50/50 joint venture (JV) with Vutomi Energy (Pty) Ltd

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