Project Overview
“Our mission ’To help power South Africa with renewable energy, while stimulating and sustaining local social economic upliftment and enterprise development.”
The Letsatsi Power Project was selected by South Africa’s Department of Energy (DOE) in the first round of bids of its Renewable Energy Independent Power Producer Procurement Programme (REIPPP).
At the time Letsatsi was one of the largest project finance transactions ever completed in South Africa. The project is also among the most extensive renewable energy projects in continental Africa.
Letsatsi has the capacity to power around 65,000 South African homes. This is because of the project feeding clean, renewable energy to the Eskom South African electricity grid with about 140 GWh/ per annum since commercial operation in 2014.
Economic Development
Per the REIPPP program Letsatsi is engaged with communities and small businesses within the designated priority area namely; Manguang and Tokologo municipalities.
In its quest for development and sustainability, Letsatsi’s approach recognises the requirements in the full value chain of skills development, access to market and market creation. This is achieved through the interwoven implementation of socio economic development (SED) together with enterprise development programmes.
Enterprise Development
Letsatsi actively supports SMME development and business sustainability, with the aim of driving employment creation and building the local economy.
Socio-Economic Development
Letsatsi Power has committed to broad based community benefit in its Socio-Economic Development (SED) programme over its 20-year project lifespan.
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