HAVARA SOLAR PARK- PLANT LIMITED

The project is owned and under development by Harava Solar Limited and entity owned by the Seke Community, in partnership with the Government of Zimbabwe. The energy generated here will be purchased by Zimbabwe Electricity Supply Authority (ZESA), under a 25-year power purchase agreement (PPA The power station sits on 28 hectares (69 acres), near the community of Bwoni, in Seke Rural Constituency, in Seke District, Mashonaland East Province, approximately 47 kilometres (29 mi), by road, southeast of Zimbabwe's capital city, Harare.[3][4] This solar farm lies approximately 11 kilometres (7 mi), southeast of the diesel-fired Dema Thermal Power Station.[5]

Overview

The power station has a capacity of 20 megawatts, to be sold directly to ZESA for integration into the national electricity grid. The electricity is evacuated via a new 10 kilometres (6 mi), 132kV high voltage transmission line that transmits the power to the new 330kV substation at Dema Power Station, where it enters the national grid.[6]

Developers

The power station was developed by a special purpose vehicle company, Harava Solar Limited, specifically set up to develop, build and operate this solar power station. Harava Solar is a joint venture between the Seke Community and the Zimbabwean Ministry of Energy and Power Development.

Construction timeline, costs and funding

The cost of construction was budgeted at US$25 million, fully funded by the Zimbabwean government. The power station was expected to begin commercial operations in November 2021

Invest Solar Deal: 29 June 2018 Directors Report Page 5 of 10 the The following acquisitions : Up to 80% of Invest Solar Africa Limited (“ISA”), ISA will be listed on the Botswana Stock Exchange- up and until August 2022 has still not been listedThe Losses reported in the financial statements Page 128 Invest Solar reflects losses of R40 193 768? Page 85. Personal guarantee by Mr G Manyere to Ever Prosperous Worldwide Limited is secured by shares in Invest Solar as well as the equipment purchased using the facility by Harava Solar Park to a value of R14 649.00

Understanding the return on investments regarding Havara. Invest Solar Africa seems on the face of it supplied some of the equipment. All funding came from the Zimbabwean government, Should Invest African not have been paid for equipment by the Zimbabwean government?

Invest Solar Africa of whom Afristrat Investment Holding holds 70%, should have been paid for this equipment, why are the financials and the company debt stressed by this transaction?

SEE “GEORGE BEUKESS – EXESS AFRICA”