Our associated company is:
Rainbow Millenium Power Company (Pty) Ltd formed 2000
Rainbow Millenium Power Company (RMPC) was formed to develop the first greenfield Independent Power Producer in South Africa, as well as investing in environmentally friendly generation elsewhere in Africa.
The current project under feasibility analysis, is for a 270MW circulating fluidised bed boiler power station burning waste coal. This project has an estimated capital cost of R4 billion Rand and completion by 2012.
Rainbow Millenium Power Company has 3 directors and shareholders namely;
Hugo Stewart and
Both Peter and Hugo have extensive electrical experience in the consulting, project management and maintenance fields.
Syd has many years experience of large project funding and corporate shareholding,,
They are therfore well versed in the detailed engineering and project development/management required for such projects.
They have been involved in the Richards Bay project since it's inception in 1997 and remain dedicated to it's fruition.
Along with the Richards Bay project, they have been active in Generation Projects in Mozambique, Namibia and Mpumalanga in RSA.
Major activities include;
Feasibility studies of Power Generation Projects
Funding of feasibility studies
Negotiating Power Purchase agreements (PPA's)
Generation Project Development including costings
Coal and Gas fired power stations
Sourcing of fuels