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Re: None

Tuesday, 04/30/2024 5:01:11 PM

Tuesday, April 30, 2024 5:01:11 PM

Post# of 7084
Putting this back up for the newbies. Here are some key points.

https://static1.squarespace.com/static/64d9a1e5cb3c967e6d32f1f3/t/655169443720fb2c241adeea/1699834208580/POWGEX+INTRODUCTION+LETTER+%2B+FINANCIAL+PROPOSAL.pdf

In May 2023, PowGex formed a joint-venture with HYFI, securing a potential funding avenue to secure a total of USD $660 billion over the next three to four decades.

PowGex is an innovative renewable energy company with a strong presence in South Africa, and strategic alliances with various entities including National Treasury, COGTA, the Province of Mpumalanga, Medibank Armada Asset Management, Access Bank, and HYFI.

PowGex has obtained a guarantee at the South African National Treasury level and another at the South African COGTA Ministry level up to the value of USD $4.9 Billion, enhancing the project's financial security

Additionally, PowGex, with advisory partner MetBank, has secured a Swiss RE Insurance wrap for the project to the value of USD $11.25 Billion, further bolstering the project's financial foundation.

PowGex has partnered with some of the largest renewable suppliers and engineering procurement contractors in the world, including Canadian Solar and Sterling and Wilson, to ensure optimal project delivery.


Tic toc!

GLTA

Cheers!

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