Charles Liebenberg, co-founder and CEO of BioTherm Energy, said that a partnership with Denham Capital will allow BioTherm Energy to continue its aggressive expansion programme. He went further to say, "For years South Africa has had cheap energy and an unfortunate result of this is inefficient usage. BioTherm Energy's projects ensure that all forms of energy can be best harnessed to avoid waste, reduce carbon emissions and provide reliable power. The Power Conservation Programme, which will ration electricity supply to all consumers, reflects the severity of the power crisis in South Africa which BioTherm can help address."
BioTherm Energy is targeting energy intensive industries where industrial processes release significant amounts of waste energy both as heat and gasses. BioTherm Energy utilises this wasted energy to produce electricity and/or steam, which it sells to the host site or to third parties, including Eskom, the South African public electricity utility.
BioTherm Energy is also instituting multi-level sustainability in all of its projects through the participation of Black Economic Empowerment ("BEE") partners and community-based development programmes.
"Our investment in BioTherm reflects our strong belief in the potential
for innovative solutions to the South African power crisis," said Scott
Mackin, a Partner at Denham Capital. "We are delighted to be working to
develop this exciting and
|SOURCE Denham Capital; BioTherm Energy|
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