Africa Finance Corporation (AFC) and Harith General Partners has announced on Wednesday the merger completion of different electricity assets into a new operating company called Anergi Holdings Limited.
According to a statement sent to BusinessDay, Anergi the new entity is a holding company owning equity interests in seven generation assets with a total of 1,786MW (gross) and 554MW (net) generation capacity across five African countries. The company also holds near-form investment rights from its founding shareholders, to invest or acquire interests in new projects under development with a further 500MW capacity.
“We are pleased that the Anergi transaction has come to a final close, and I look forward to working with the board and management to implement the strategy and achieve the operational goals of the business over the next few years,” said Andrew Ali, President and CEO of AFC.
Andrew Ali was also appointed the chairman of the board of directors of Anergi Holdings Limtied, which is incorporated and domiciled in Mauritius. Other board members include Tshepo Mahloele, Olive Andrews, Alwyn Wessels, Sipho Makhubela.
The sponsors of Anergi intend for it to operate as a consolidated energy business focused on acquiring, owning and managing controlling interests in African electricity sector assets, commencing with the initially merged assets, The company will also seek to consolidate its ownership interests in these assets, through mutually beneficial transactions with its existing co-shareholders. Anergi will commence work immediately towards securing a stock market listing on an international exchange at the earlies feasible data.
“As we continue to implement our strategy of creating valuable and permanent operating platforms with significant technical and financial capabilities, Anergi Holdings Limited will be an important part of our future,” said Tshepo Mahloele, chairman of Aldwych Holdings Limited.
