Khi Solar One Power Plant #46396

Khi Solar One Power Plant

On 27 December 2016, Abengoa received a “Provisional Acceptance Certificate”, officially handing the plant to its owner Khi Solar One Pty Ltd. Abengoa has a 51% stake, Industrial Development Corporation (IDC) has a 29% stake and Khi Community Trust has a 20% stake in that society. Abengoa will take on the operation and maintenance of the plant. The plant output is sold to grid operator Eskom under a 20-year PPA (Power Purchase Agreement).Project Finance with contributions from South African institutions (DBSA, IDC) and international bodies (EIB, IFC, FMO, Proparco).Cox Energy, through its subsidiary, has signed an agreement to acquire 51% of the Khi Solar One solar thermal plant in South Africa. This acquisition is pending local regulatory approval​ COX ENERGY.Once completed, Cox will have majority control of the plant, which is located near Upington in the Northern Cape