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Abengoa and state-owned financier, the Industrial Development Corporation (IDC), together with KaXu Community Trust have launched a 100 MW solar plant near the town of Pofadder (Northern Cape Province), capable of providing clean and sustainable power to approximately 80,000 homes in South Africa.
Minister of Economic Development, Ebrahim Patel, officially inaugurated this solar power plant. He was accompanied by Deputy Minister of Public Enterprises, Mr. Bulelani Magwanishe, Premier of the Northern Cape, Silvia Lucas, executives of Abengoa and IDC and representatives of the local community.
KaXu Solar One, the first Solar Thermal Electricity (STE) power plant in South Africa, incorporates a storage system that enables production of 100 MW for 2.5 hours after sunset or before dawn. The project will result in approximately USD 891 million direct and indirect investment inflows to South Africa, generate approximately USD 516 million in taxes over...