Join the African Development Bank, AcwaPower and Investec in this session to:
Hear from the developer of the project about the journey to bring this project to its current point and the expected milestones leading to feed electricity to 200k households around the clock in 2024
Understand the Redstone CSP Tower technology better and how it will provide value-adding ancillary services required by the system operator at no cost to the local public utility Eskom, a first for a renewable energy plant in the country
Analyze Redstone´s financial process – the largest renewable energy investment in South Africa to date totalling R11.5-billion – with a group of various local and international institutions
Consider the tangible socio-economic benefits of the Redstone project to the local economy, with 44% local content on procurement, more than 2K construction jobs during construction and 100 permanent jobs for the life cycle of the plant.