The Industrial Development Corporation (IDC) #44795
Created at
2023-02-03
Last update
2024-09-13
0 Parents (Involvements as child)
3 Children (Involvements as parent)
ID
Name
InnoWind Pty Ltd
Country of registration/origin
South Africa
Classification
Private company
Relationship
Beneficiary company
Investment type
Debt financing
Comment
The Industrial Development Corporation (IDC) plays a supportive role in the Chaba Wind Energy Project by providing financial backing to facilitate community participation. Specifically, the IDC offered loans to the Chaba Winds of Change Community Trust, enabling the trust to acquire a 26% ownership stake in the project. This financial support from the IDC is crucial for ensuring that local communities benefit directly from the profits generated by the wind farm. The IDC's involvement aligns with its broader mandate to promote economic development and empower communities within South Africa.
ID
Name
Karoshoek Solar One (RF) Proprietary Limited
Country of registration/origin
South Africa
Relationship
Subsidiary company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Ownership share
20.00 %
ID
Name
AMEA Power Doornhoek PV (Pty) Ltd
Country of registration/origin
South Africa
Classification
Private company
Relationship
Beneficiary company
Investment type
Shares/Equity
Loan amount
8 000 000
$
Comment
The Industrial Development Corporation (IDC) is contributing $8 million in the form of an equity investment in the project’s two other shareholders, South African companies Ziyanda Energy and Dzimuzwo Energy.