Announcements Archive
Rabai completes construction and commences full commercial operations
Helen Tarnoy appointed as new Managing Director
Rabai succesfully synchronized to the grid.
Completion of Second Round of Corporate Financing
Double award as Project Finance magazine pronounces Rabai 'African Power Deal of the Year' 2008
Rabai awarded PFI 'African Power Deal of the Year' 2008
CEC lists on Lusaka Stock Exchange
Construction of new 90MW diesel power plant in Rabai, Kenya
Aldwych International unconditionally prequalified by Eskom for baseload tender
Kenyan High Court Case Withdrawn
Announcements
December 1st, 2008
CEC lists on Lusaka Stock Exchange
CEC listed on the Lusaka Stock Exchange and trading opened on 21 January 2008. Zambian Energy Corporation, the majority shareholder, in which Aldwych International holds a minority stake, offered 25% of is holding for sale to the public and to Zambian institutional investors at ZMK 440 per share. The offering was oversubscribed by approximately 30%: all small investors received their full allocation and the institutions were scaled back. Part of the offering consisted of an Employee Share Ownership Plan, for which the great majority of employees applied.
