Community Trust

Four percentage of the Droogfontein Solar Power is owned by Trust Letsatsi Borutho, which is significantly higher that the government’s minimum threshold of 2,5% local ownership.

LetsatsiBoruthoTrust_logo_300dpiTo finance its share of the cost of constructing the project, the trust secured a loan from the Development Bank of South Africa (DBSA). The loan will be repaid through the shareholder dividends generated by the project and once repaid the trust will use its share of the dividends to benefit the local community within 50km of the project.

Tuesday 17/09/2013

  • 1 load via route N2
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Monday 09/09/2013

  • 1 load via route N2
  • 1 load via route R334
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Majority shareholder, Globeleq is jointly managing the construction of Droogfontein Solar and will play a key role as the management company during operations.