https://www.engineeringnews.co.za

PowerGen acquires Rafiki Power

19th August 2019

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

PowerGen Renewable Energy, a developer, builder and operator of micro-utilities in Africa, has closed the acquisition of Rafiki Power, a subsidiary of E.ON Off-Grid Solutions.

The acquisition combines two significant microgrid companies in Africa and will help build momentum for private utilities on the continent.

Over 600-million people in Africa lack access to electricity, of which 80% live in rural areas.

PowerGen, founded in 2011, and E.ON Off-Grid Solutions, founded in 2014, have been pioneers in the field of private utilities that bring efficiency, technology and customer service to unelectrified regions in Africa through clean, modern micro-utilities.

These micro-utilities offer high-quality alternating current electricity to towns and villages to reduce poverty and enable economic development, while building the clean energy system of the future in Africa from the grid edge inwards.

The acquisition will provide PowerGen with microgrid assets, a project pipeline, software intellectual property and human resources from E.ON Off-Grid Solutions.

PowerGen now has over 10 000 utility customers under management, serving more than 50 000 people with clean and reliable energy across several African countries.

“PowerGen and E.ON Off-Grid Solutions have shared a common vision for the long time – to transform lives by building the energy system of the future in Africa,” PowerGen president Aaron Cheng said in a statement issued this week.

“We are excited to combine our experience, knowledge, resources and cultures to further our progress towards this shared vision.

"We greatly admire the E.ON Off-Grid Solutions team and are thrilled to be working closely with them as we build the smart, clean energy system of the future in Africa through microgrids.”

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.05 0.917s - 122pq - 2rq
Subscribe Now