Our Funds Portfolio Companies Exits

KELVIN HOLDINGS (PTY) LTD

 
 

Status: REALISED

Sector: Power
Funds:

African Infrastructure Investment Fund (AIIF)
Kagiso Infrastructure Empowerment Fund (KIEF)
IDEAS Managed Fund

Location: South Africa
Website: n/a

Summary

Kelvin Holdings (Pty) Ltd was one of the earliest independent power producers in South Africa, and was established to own and operate the Kelvin Power Station in Kempton Park, Johannesburg. The power station consists of two co-located plants - the 180MW1 A Station, and the 420MW1 B Station. Kelvin A and B were commissioned in 1956 and 1970 respectively. The privatisation of Kelvin in 2001 included a 20-year Power Purchase Agreement with the City of Johannesburg’s utility, City Power (Pty) Ltd.

AIIF and KIEF’s equity interest in Kelvin, acquired in 2007, was disposed of in 2012.