Italy's TerniEnergia to build 148.5 MWp of PV plants in S Africa

Jul 31, 2014 - Italian company TerniEnergia SpA (BIT:TER) said today it will build 148.5 MWp of photovoltaic (PV) plants in South Africa under a new ZAR-2-billion (USD 187m/EUR 139m) contract.

The company’s South African subsidiary TerniEnergia Projects PTY Ltd has entered into a definitive agreement with an unnamed European utility, under which it will serve as the engineering, procurement and construction services (EPC) contractor for two projects. It will also supply the panels and inverters needed and will take on the operations and maintenance of the facilities.

The first 82.5-MW plant will be located near the village of Paleisheuwel. The second one, with an installed capacity of 66 MW, will be in the town of Tom Burke. The start of the construction is pending the financial close between the final customer company and South Africa's Department of Energy (DOE).

TerniEnergia operates in the renewable energy and waste management sectors.

(ZAR 1 = USD 0.093/EUR 0.070)

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