June 8, 2016 - 3:21 AM EDT
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Italeaf S.p.A.: TerniEnergia has connected to the grid the "giant" PV plant of Tom Burke (South Africa)


PRESS RELEASE 8 JUNE 2016Italeaf:  TerniEnergia has  connected to  the grid  the "giant"  PV plant of Tom
Burke (South Africa)
  * The south african subsidiary TerniEnergia Projects PTY Ltd has completed the
    construction of the plant from 66 MWp in advance on the timetable
  * Provided a four-year renewable contract for operation and maintenance
  * Resignation of an effective member of the Board of Auditors

TerniEnergia,  smart energy  company active  in the  fields of renewable energy,
energy  efficiency, waste and  energy management, listed  on the Star segment of
the Italian Stock Exchange and part of Italeaf Group, announces that, today, the
second of the two "giant" photovoltaic worksites in South Africa, on behalf of a
leading  Italian utility, has been completed. The PV plant has been connected to
the national transmission grid managed by Eskom.
In  particular, TerniEnergia  Projects PTY  Ltd, a  South African  subsidiary of
TerniEnergia  SpA, has completed the  construction of the PV  plant in Tom Burke
(for a total installed capacity of 66 MWp), in advance of the timeline envisaged
by  the final contracts for EPC  (engineering, procurement and construction) and
O&M  (operation and maintenance) four-year and renewable term, and in compliance
with the expected financial results.
The  worksite of  Tom Burke,  in the  south African  region of Limpopo, which is
spread  over an area of 200 hectares, has  employed more than 350 workers in the
various functions for the installation of 500,000 photovoltaic PV panels, with a
capacity  between 125Wp and 140Wp. It were  installed in total 82,700 structures
of  metallic  carpentry  and  laid  2,550 km  of  electric  cables. TerniEnergia
operated  in compliance  with the  promotion of  political participation  in the
economic life of "black people".
TerniEnergia  also announces that  Dr. Vittorio Pellegrini  has resigned, due to
supervening personal commitments, his resignation from the position as member of
the  Board of Auditors. As a result  of these resignations, Dr. Marco Chieruzzi,
former Deputy Auditor, will take over the office of Statutory Auditor.

TerniEnergia,  a company incorporated  in September of  2005 and part of Italeaf
Group,  is  the  first  Italian  smart  energy company and operates in renewable
energy, energy efficiency, energy and waste management. TerniEnergia operates as
system  integrator,  with  a  turn-key  offer  of  industrial sized photovoltaic
plants,  on behalf  of third  parties and  on its  own, for the Power Generation
business,  also through joint  venture companies with  leading national players.
TerniEnergia  operates in the waste management  sector, recovery of the material
and  energy,  development  and  production  of  technologies. In particular, the
Company  is active  in the  recovery of  tires out  of use,  in the treatment of
biodegradable  waste through  the implementation  of biodigesters, management of
plant for the biological depuration; development and production of technological
apparatus.  Through TerniEnergia Gas & Power, the  Group is active in the energy
management,  energy sales to  energy intensive customers,  software and services
for  energy  management,  administrative,  financial  and credit management. The
Group  is also active on the natural gas and liquefied natural gas (LNG) market,
offering  a  range  of  services  and  activities  in  order to develop Client's
business   and  achieve  a  competitive  advantage  providing  the  best  market
conditions and creating a high added value.
TerniEnergia operates in the development of energy efficient plants both through
EPC  scheme  and  FTT  scheme  (Financing  Through  Third Parties), pursuing the
objectives  of increasing  energy production  from renewable  sources, of energy
saving and reduction of emissions as set forth by environmental European policy.
TerniEnergia is listed on STAR segment of Borsa Italiana S.p.A..


This  press release is also available  on the Companies website: www.italeaf.com
and www.ternienergia.com



Certified Adviser

Mangold Fondkommission AB is the Certified Adviser of Italeaf on NASDAQ OMX
First North.

For further information please contact:
Filippo Calisti
CFO - Italeaf S.p.A.
E-mail: [email protected]

Mangold Fondkommission AB
Tel. +46 (0)8 5030 1550
[email protected]


Italeaf  SpA, established in December 2010, is  a holding company and a business
accelerator for companies and startups in the areas of innovation and cleantech.
Italeaf operates as a company builder, promoting the creation and development of
industrial  startups in the fields of  cleantech, smart energy and technological
innovation.  Italeaf  has  headquarters  and  plants  in  Italy  at Nera Montoro
(Narni),  Terni, Milano and Lecce; has  international offices in London and Hong
Kong  and  a  research  and  development  centre  in  the  Hong Kong Science and
Technology  Park. The company controls TerniEnergia,  listed on the STAR segment
of  the Italian  Stock Exchange  and active  in the  fields of renewable energy,
energy  efficiency  and  waste  management,  WiSave  in the "internet of things"
field,  for the development and production of thermostats and smart technologies
for  the remote  control of  electrical and  heating items  of buildings managed
through  a cloud infrastructure, and Skyrobotic, in the business development and
manufacture  of civil and  commercial drones in  mini and micro  classes for the
professional  market, Numanova, operating in  the field of innovative metallurgy
and additive manufacturing and Italeaf RE, a real estate company.




PRESS RELEASE: 
http://hugin.info/162089/R/2018910/749411.pdf



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     originality of the information contained therein. 
    
Source: Italeaf S.p.A. via GlobeNewswire
[HUG#2018910]

 
  

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Source: Equities.com News (June 8, 2016 - 3:21 AM EDT)

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