+27 (0)11 582 6880 info@jasperpower.co.za


Shares are the units into which the ownership interest in a profit company is divided. The share capital of a company is made up of the funds contributed by shareholders to the company in exchange for their shares in the company.  Here are Jasper Power Project’s International and South African shareholders profiles.


The Independent Power Producers Procurement Programme (IPPPP) was established at the end of 2010 as one of the South African government’s urgent interventions to enhance South Africa’s power generation capacity.

The Department of Energy (DoE), National Treasury (NT) and the Development Bank of Southern Africa (DBSA) established the IPPPP Office for the specific purpose of delivering on the IPP procurement programme objectives. 

However, energy policy and supply is not only about technology, but has a substantial influence also on economic growth and socio-economic development. As such, the IPPPP has been designed to go beyond the procurement of energy to also contribute to broader national developmental objectives such as job creation, social upliftment and increasing opportunities for economic ownership.

The introduction of private sector generation offers multiple benefits. It is contributing greatly to the diversification of both the supply of energy and nature of its production, assisting in the introduction of new skills and in new investment into the industry, and enabling the benchmarking of performance and pricing.

Equity Investment for the 96MW (DC) Jasper project has been provided by a strong group of International and South African shareholders who jointly have experience in all aspects of development, funding, construction and operations of solar photovoltaic projects are as follows:

Jasper Power Project Shareholding %

5% – SolarReserve (Humansrus PV2 Pty Ltd)

  • 7,5% – P.E.A.C.E. Humansrus Trust
  • 4,79%  – First Energy Capital (Oakleaf Investment Holdings 90 (Pty) Ltd)
  • 18,125% – Google – Goldfish Solar 2A LLC
  • 23,125% – Kholosani Holdings (Pty) Ltd
  • 41,46% PIC – Oakleaf Investment Holdings 90 Pty Ltd

Jasper Power Project Shareholders

SR Energy is a leading energy solution provider in Africa based in Johannesburg. SolarReserve provides competitive, current and innovative power solutions to utility, mining and C&I clients on a turn-key basis including integrated hybrid solar, thermal and battery solutions for both on and off grid connections in various industries.

Following a management buy-out in 2019, SR Energy became the shareholder of SolarReserve South Africa, a business previously owned by California based SolarReserve, Inc. The post-acquisition management team has remained the same, retaining the service delivery and value add to which our partners have been accustomed.

SolarReserve South Africa was established in 2010 in order to assist with the energy crisis South Africa was faced with. Since then we have been awarded 350 MW of PPAs and have developed 250 MW of solar PV projects that are currently in operation.

SolarReserve is an industry leading asset manager and provides comprehensive asset management services, allowing investors access to best in class management of their investments including technical, financial, HSSE and economic development. We currently manage the Jasper PV Power Project, one of the largest individual solar projects in Africa.

Our African pipeline includes utility scale and small-scale embedded generation projects to both utility, mining and C&I customers. The portfolio is comprised of fully permitted sites with negotiated PPAs in attractive, high growth renewable energy markets including South Africa, Mozambique, Zimbabwe, Zambia, Namibia, Mali and Guinea.

Google is a global technology leader focused on improving the ways people connect with information. Google’s innovations in web search and advertising have made its website a top Internet property and its brand one of the most recognized in the world.

Public Investment Corporation SOC Limited (PIC) is the largest, most successful investment management company on the African continent. Solely owned by the South African Government they have managed public sector funds since 1911. Today, the PIC’s assets under management total approximately R2 trillion.

PIC invests funds on behalf of public sector entities’ pension funds, based on investment mandates dictated by each of these clients and approved by the Financial Services Board (FSB). The largest of these is the Government Employee Pension Fund (GEPF), which accounts for more than 88% of assets under management.

First Energy Capital is a specialist Asset Manager focused on infrastructure (renewable energy, water and transport). The organization purchased its Jasper shareholding from Intikon Energy an international developer and owner of renewable energy projects in both the wind and solar sectors in 2015.

The company’s vision is to be one of the preferred suppliers of high-quality and yielding infrastructure investment products to the larger investment community. The organization is made up of a small team, complemented by strong strategic partners and relationships. The intention is to remain a small team working on specialised products with outsourced non-core functions and insourced highly technical skills.

With proven experience in secondary market in SA REIPPP and a strong pipeline, First Energy Capital provides investors with predictable inflation-linked investments in the unlisted investment space.

Kholosani Holdings is a South African infrastructure investment firm committed to developing, financing and operating critical infrastructure projects. Founded by the team behind major infrastructure projects such private detention centers, toll roads and renewable Energy, we have a developed a successful track record in infrastructure.

Our diverse portfolio includes utility and small-scale energy projects. We collaborate with government bodies, financial institutions, and industry experts to achieve our goals. Our core values are excellence, integrity, sustainability, innovation, collaboration, and forming strategic partnerships for diverse investment opportunities and enhanced project outcomes.

One of the requirements contained in the Request for Proposal (RFP) for satisfaction by the Project Company is that it must comply with the Economic Development Obligations which has, as one of its requirements, the obligation that local communities must also benefit from the IPP Procurement Programme.

Therefore, in line with project’s economic development obligations, the project has ensured participation by local communities, through the P.E.A.C.E Humansrus Trust. The Trust will thus hold shares and the project company will make distributions to the Trust for the benefit of the local communities.

The main objectives of the Trust will be to ensure that any Dividends received will be utilized to fund social upliftment projects that will empower the communities in and around the Jasper Power project site.