A handover of an Aquaponics system to the Namaqua Child and Youth Care Centre took place recently as part of an Eco-School initiative. In addition to enhancing food security, this initiative is also designed to develop skills, with 14 participants receiving accredited advanced training through its implementation.READ MORE
February 2023, West Coast, Cape Town
EIMS Africa’s portfolio company, Umoya Energy Wind Farm, situated on the West Coast (Western Cape), has taken the lead on improving the country’s wind industry approach to conserving avifauna. Previously known as Hopefield Wind Farm, the country’s first REIPPPP project, the wind farm has successfully implemented blade painting, as a mitigation measure.READ MORE
Eastern Cape, 1 February 2023
Joszelle Baard, Reading Assistant at a small Patensie-based farm school, Quagga Primary, chose “Sirkus op die plaas” to read to her group of young learners, in celebration of ‘World Read Aloud Day’, as the story is very relatable for children that are familiar with farm life. This annual event takes place on the first Wednesday in February and is dedicated not only to reading, but to the art and practice of reading aloud.
Using sports to empower the Noupoort youth to lead positive lives and to raise awareness of drug abuse, bullying, and other social ills, the Olympiakos Football Club have launched the ‘Save the Noupoort Child’ initiative.
“Sports instils discipline in our youth, giving them the opportunity to do positive things with their lives. We believe using it as a tool to reach out to our youth through these intervention programmes is an ideal way to let them know the dangers that drugs, bullying, and other social ills can have on them and our communities at large,” said Emlyn Lucas, owner and founder of Olympiakos Football Club.
Springbok, February 2023
With financial and mentoring assistance, a Matjieskloof community member, Mrs Wendy Hendricks has been able to equip and grow a laundry business that provides local employment and services to this small town and surrounding communities. It is hoped that the business will be able to expand enough to rent premises in Springbok, which will attract more customers and offer more jobs. READ MORE
February 2023, Overberg, Western Cape
In mid-January a group of 13 international students studying Aerospace, Electrical, and Computer Engineering at the Grainger College of Engineering, part of the University of Illinois, United States of America, visited Klipheuwel Wind Farm in Caledon.READ MORE
Seriti Resources makes a significant stride toward carbon neutrality
Agreement paves the way for Seriti Green’s 900MW renewable energy project
[Johannesburg, 2 February 2023]: Seriti Resources and its renewable energy subsidiary, Seriti Green, have announced that Seriti Green will soon begin construction on South Africa’s largest wind farm in Mpumalanga, with power supply coming online by 2025. This follows the signing of heads of terms between Seriti Resources and Seriti Green to a Power Purchase Agreement (PPA) for 155 MW of power that will be generated by Seriti Green and wheeled through the national grid to Seriti Resources’ coal mining operations.READ MORE
Bedford, Eastern Cape
Privately-funded school lunches for matric learners at Lonwabo High School is helping to bolster nutrition and help these learners with focus and concentration during this important period in their schooling careers. Taking this one step further, the establishment of an on-site veggie garden that is equipped with a reliable source of water, has also been funded by BTE Renewables’ nearby Golden Valley Wind Energy Facility, to further help the school become more self-sufficient.READ MORE
January 2023
Two high school learners from the communities of Humansdorp and Patensie, have been selected to receive bursaries to attend Marlow Agricultural High School in Cradock and will begin their studies this week. This forms part of an agricultural bursary programme aimed at providing financial support to promising young high-school learners, who have an interest and passion for agriculture.READ MORE
Seriti Green commences operation
Johannesburg, 1 December 2022: Seriti Resources is pleased to announce the conclusion of the acquisition of a 100% stake in Windlab South Africa through its subsidiary Seriti Green, marking a significant step in the development of the company’s renewable energy business. This follows the announcement in August 2022 of the binding transaction agreements to acquire a majority interest in Windlab’s South Africa and East Africa businesses (together, Windlab Africa). The conclusion of the Windlab East Africa portion of the transaction remains subject to anti-trust approval from the Tanzanian authorities.
The advancement of Seriti Green through the transaction to acquire Windlab Africa supports Seriti’s objective of lowering its carbon footprint and ensuring long-term sustainability as a diversified energy producer. Windlab Africa consists of 100% of Windlab South Africa and 75% of Windlab East Africa, the latter portion of the transaction remains conditional.
The transaction will see Seriti Green owned by a consortium of strategic shareholders with Seriti Resources holding a 54.19% controlling interest, alongside VennEnergy (15%), RMB (15.41%) and Standard Bank (15.41%) collectively taking up the remaining stake.
As a responsible coal producer, Seriti is conscious of the impact that fossil fuels have on the environment and is committed to playing an active role in helping manage the just transition to a low-carbon economy while balancing South Africa’s energy needs. The timely acquisition supports the government’s calls at the COP27 Climate Change Conference for further investment into green energy sources as part of the imperative to lower global carbon emissions.
Mike Teke, Seriti CEO said: “The finalisation of the South African leg of this transaction is a significant milestone for Seriti Green, enabling us to facilitate the decarbonisation of South Africa’s energy grid, provide diversification within our business and support the new chapter of a just energy transition. We are looking forward to a favourable outcome on the East Africa leg, after which our full acquisition of Windlab Africa will be complete”.
Seriti understands the urgent need to find energy supply solutions that will meet current and future energy demands along with the obligation to move towards a lower carbon future. Despite the global acknowledgement of the critical risk posed by climate change the need for a stable power supply continues to grow. Closer to home, we are also aware of the current challenges faced by power utility Eskom, and the impact this has on the country’s economy.
The inclusion of renewable energy into Seriti’s existing portfolio of high-quality coal assets will offer long-term financial stability and diversification, provide a solution to Seriti’s own power needs and afford opportunities to help secure the country’s power needs.
Seriti uses 750 GWh of electricity in the process of mining coal that is used to fuel power stations. In line with the commitments made in the MOU signed in October 2021 with Eskom and Exxaro, Seriti will start using renewable wind and solar energy in its facilities through the signing of PPAs for the procurement of renewable energy in 2023.
Windlab South Africa currently oversees ~4 GWs of renewable energy projects at different stages of development in South Africa. This acquisition gives Seriti access to a portfolio of existing world-class renewable energy assets with a high return rate, a promising project pipeline and a highly experienced management team.
“Our investment into renewable energy through Seriti Green demonstrates our commitment to sustainably supporting South Africa’s energy needs. We will continue to seek growth opportunities to make a meaningful contribution to reducing the country’s carbon footprint whilst supporting a just energy transition,” said Mike Teke, CEO of Seriti.
Seriti is proud to have partnered with Standard Bank, RMB and VennEnergy on this transaction and has confidence in the strength of Windlab Africa’s experienced management team, who will continue to be led by Peter Venn.
CEO of Seriti Green, Peter Venn, commented: “COP27 has seen a recommitment to climate warming targets, and has for the first time indicated the commitment to financial support for adaptation and transition in developing economies. These events provide even more impetus for the development of the renewables sector in South Africa and elsewhere in Africa. Seriti Green is well-positioned and able to play a constructive and growing role in bringing responsible and impactful renewable energy projects to fruition, especially in South Africa’s energy heartland of Mpumalanga. “
For further information:
For Seriti
Linda Khuluse
+27 83 278 4468
linda.khuluse@seritiza.com
Memory Johnstone
+ 27 82 719 3081
memory@rasc.co.za
Tanisha Heiberg
+27 79 527 6769
tanisha@rasc.co.za
For Seriti Green
Janice Finlay
+ 27 84 566 9563
Janice.finlay@seritigreen.com
NOTE FOR EDITORS
About Seriti:
Seriti Resources Holdings is a broad-based, 91% black-owned and controlled coal mining company.
Seriti’s subsidiary, Seriti Coal operates three large-scale, opencast and underground thermal coal mines – the New Vaal, New Denmark and Kriel collieries, which respectively supply Eskom’s Lethabo, Tutuka and Kriel power stations. The New Largo mine is currently under development, to meet the needs of the adjacent Kusile power station.
On 1 June 2021, Seriti acquired the operations of South 32 SA Coal Holdings Proprietary Limited (SAEC) from South32, bringing into the fold four additional mines – Khutala, Klipspruit, Pegasus and Middelburg Mines Services (MMS), which provide coal to the
Kendal and Duhva power stations, as well as export coal via the Richards Bay Coal Terminal.
Seriti is co-owned by four anchor shareholders – Masimong Group Holdings (Masimong), Community Investment Holdings (CIH), Zungu Investments (Zico) and Thebe Investment Corporation (Thebe). It is Seriti’s philosophy that 10% of the equity in its mining operations be ring-fenced equally for the benefit of employees and communities through established unencumbered employee and community trusts.
As a responsible South African coal miner, Seriti has a proven track record in the acquisition, operation and development of large-scale opencast and underground coal mines. Guided by an experienced board and management teams, Seriti maintains a principal focus on its long-term commitment to the domestic market and, in particular, the reliable and cost-effective provision of coal to Eskom.
Further information on Seriti can be found at www.seritiza.com
About Seriti Green:
In November 2021, Seriti Resources announced the formation of Seriti Green, a subsidiary that will seek and develop renewable energy projects as an integral part of Seriti’s energy portfolio. Seriti Green, which currently has a portfolio consisting of 23 projects at different stages of development, will identify and develop renewable energy projects to be integrated alongside Seriti’s existing fleet of coal assets.
Industry-leading atmospheric wind modelling and energy analysis tools, combined with decades of experience in delivering renewable energy projects, and the sound backing of respected shareholders enable Seriti Green to rapidly identify, finance and bring into operation large-scale renewables projects.
Further information on Seriti Green can be found at www.seritigreen.com
