24 April 2013 – Developer of industrial applications based on next generation power electronics GPtech, and CBI-Electric, a technology company belonged to Reunert which is listed on the Johannesburg Stock Exchange (JSE), will begin to implement an agreement with the object of manufacturing and selling GPtech’s equipment locally to future photovoltaic (PV) projects. The arrangement ensures that both companies fulfil the policies demanded by the South African government as per the renewable energy independent power producer programme localisation aims.

As a result, both companies are forming a new corporation whose activities will cover, on the one hand, the manufacture, marketing and sale of the GPtech designs of both PV inverters and power integrated stations; as well as the marketing and sale of hybrid generation plants, complete solutions for power generation with the integration of two or more primary energy sources and energy storage systems. On the other hand, the business alliance will also guarantee an after sale service in the region. This will be characterised by the fixing up of design or manufacturing defects during the period of warranty, periodical PV inverters and PV plants’ maintenance programs.

These activities will start at the end of the second quarter of 2013 and they will be, at first, located in Boksburg, South Africa.

With the finalisation of this agreement, GPtech and CBI-Electric seek to operate together in the South African PV grid integration market and, additionally, they expect to market their products and services in most of the countries of the sub-Saharan area, such as the Congo, Mozambique, Namibia, Zambia and Zimbabwe.

The alliance frames in the Integrated Resource Plan promoted by the South African government in 2010 for the entry of new independent power producers (IPPs). The government has imposed a series of legal requirements and technical specifications in accordance with the Economic Development Policy (EDP), which foreign companies have to fulfil to participate in the tender processes included in the IPP renewable bid program. This EDP covers job creation and broad based black economic empowerment (BBBEE) requirements such as ownership, management control, preferential procurement and enterprise development, socio-economic development or local content.