Project 7:
Karbochem Cogeneration Project

Sector: Renewable Energy
ZAR150 million (US$20 million or €14.6 million)

Project Summary

Energy project promoters Distributed Energy Generation (Pty) Ltd (DEG), Steam Team (ST) and Pantheon Resources (Pty) Ltd (PAN) secured a contract to provide steam and power to Karbochem (Pty) Ltd (Karbochem) for operational and process use at its synthetic rubber production plant in Newcastle, KwaZulu Natal, South Africa.

The total project capital funding requirement is R150 million. The NEF was approached for R48 million equity funding. The proceeds were intended to establish and fi nance a co-owned energy project development company, including funding the construction of a co-located Combined Heat and Power (CHP) plant employing Atmospheric Fluidised Bed Combustion (AFCB) boilers and a back pressure turbine to generate steam (60 tph) and power (6MW), respectively, for on-selling to Karbochem.

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