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Sasol invites bidders for supply of renewable energy to its South African Operations

Date: 
14 May 2020

Johannesburg, South Africa – Sasol is inviting bidders to participate in a Request for Information (RFI) process for the supply of renewable energy to its South African operations. 

An international integrated chemicals and energy company, Sasol’s core business is leveraging technologies and the expertise of its people to build and operate world-scale facilities to produce a range of high-value product streams, including liquid fuels, chemicals and low-carbon electricity. The company’s largest operations are in South Africa in Secunda, Mpumalanga and Sasolburg in the Free State.

In October last year, Sasol released its inaugural Climate Change Report where it committed to reduce its absolute greenhouse gas (GHG) emissions from the South African operations by at least 10% by 2030, off a 2017 baseline. The company has identified renewable energy as a key lever for reducing its GHG emissions and moving it towards producing products in a more sustainable manner. 

The purpose of the RFI process is to identify partners for the potential deployment of renewable energy projects. It is envisaged that the successful bidder(s) will supply energy as Independent Power Producer(s), in terms of Power Purchase Agreement(s) agreed between the parties.

“We intend procuring, in total, approximately 600 MW of renewable electricity capacity with the aim of reducing our greenhouse gas emissions by approximately 1.6 million tons per annum. This will favourably position Sasol to deliver on our commitment of reducing our South African GHG emissions by at least 10% by 2030,” said Hermann Wenhold, Sasol’s Chief Sustainability Officer.

In aligning with the Integrated Resource Plan (IRP 2019), Wind and Solar Photovoltaic (PV) technologies are favoured at this stage. The projects must show a generation capacity of at least 20 MW to be implemented either as wheeled options from suitable locations across South Africa, or as embedded options close to Sasol’s facilities in Sasolburg or Secunda.

Interested bidders may apply for access to the RFI by forwarding their company profile together with contact details to: renewable.energy@sasol.com.

The closing date for submissions is Friday, 05 June 2020.

 

Sasol may, in this document, make certain statements that are not historical facts that relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves and cost reductions, including in connection with our BPEP, RP and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2018 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
 
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