Portfolio Highlights

NT3C

  • In 1999, the N3 Toll Concession (Pty) Ltd (N3TC) entered into a 30-year Toll Road Concession Contract with the South African National Roads Agency (SOC) Limited (SANRAL).
     
  • N3TC’s mandate was to design, construct, finance, operate and maintain the N3 between the Cedara interchange, near Hilton, in KwaZulu-Natal and the Heidelberg South interchange in Gauteng.
     
  • Aveng was the lead sponsor, investor and D&C contractor for the project.  It currently maintains a 10,92% equity stake in N3TC, alongside institutional investors.

IMVELLO CONCESSIONS

  • During 2012, the Imvelo Concession Company was awarded a concession to finance, design, build, and operate a 27 522m2 facility to accommodate 1305 employees of the Department of Environmental Affairs for a 30 year period.
  • Following a 22 month construction period, service commencement was achieved in July 2014.
  • Aveng was the lead sponsor, D&C contractor and currently maintains a 30% shareholding in the Project.

SISHEN SOLAR FACILITY

  • The 75MW Sishen Solar Energy Facility was  successfully bid into Round 2 of the REIPPP and  entered into a PPA with Eskom in May 2013
  • Following a 19 month construction period, the project achieved commercial operations  in December 2014, exceeding performance expectations

Aveng’s role:

  • Project sponsor
  • EPC contractor
  • O&M contractor
  • 29% shareholder in the project SPV

GOUDA WIND ENERGY FACILITY

  • The 138MW Gouda Wind Energy Facility was  successfully bid into Round 2 of the REIPPP and  entered into a PPA with Eskom in May 2013
  • The project is presently under construction and is due to achieve  commercial operations  in June 2014

Aveng’s role:

  • Project sponsor
  • EPC contractor
  • O&M contractor
  • 29% shareholder in the project SPV