COMPANIES AND PEOPLE
Issue 228
- 30 Mar 2012
| 2 minute read
CIC Energy Corporation on 27 March announced it had completed a private placement with Vitol Energy (Bermuda), raising C$10m, giving Vitol 9.1% of CIC’s issued common shares; Eskom Holdings has invited bids by 1 May for the design, supply and installation of its much-anticipated 100MW Central Receiver Concentrating Solar Power Plant at Upington; The City of Johannesburg plans to spend over R100bn ($13.2bn) in the next decade on economic and social infrastructure; In a 23 March statement to the Johannesburg Stock Exchange, South Africa-incorporated, Namibia-focused Southern Electricity Company (SELCo) reported a loss of R0.0393/share and headline loss of R0.0416/share; Tata Power Company was advised by AZB & Partners (led by Shameek Chaudhuri with Manan Mehta) in creating its new electricity development joint venture, Cennergi, with major South African player Exxaro Resources
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