EDF and GIBB partner in GIBB Power, an engineering company specialising in the energy sector.
EDF, one of the world’s leading electricity company, and GIBB, a leading engineering player in Africa have signed agreements for EDF to invest in GIBB Power, a subsidiary company of GIBB Engineering and Architecture.
By building on the skills of GIBB’s energy division and on EDF’s multi-skill expertise, GIBB Power, which is owned 70% by GIBB and 30% by EDF, aims to become a reference-engineering platform, specialising in supporting energy projects and offering solutions to the challenges of energy transition in Africa.
Sub-Saharan Africa is facing a growing challenge to reconcile its increasing energy demand with the need to further reduce its carbon dioxide emissions. To support this transformation, the EDF Group and GIBB have decided to cooperate in several areas of engineering, both for public and private stakeholders:
- Thermal engineering, for instance in the decommissioning of coal-fired plants in South Africa: the country’s energy policy makes provisions for the closure of 12GW of coal-fired stations between now and 2030.
- Hydraulic engineering, supporting hydropower projects, notably in Zambia and Mozambique, where the potential for hydropower represents a key energy resource for the Southern African Development Community region.
- Electricity transmission and distribution networks, to facilitate the integration of renewable energies, modernize and develop urban electricity networks as well as interconnections between countries
- Solar and wind power supporting the rapid development of these energies throughout Africa.
GIBB Power will be supported by EDF engineering competencies covering the entire value chain for energy projects, as well as by EDF subsidiaries that are already established in South Africa.
EDF has been active in South Africa for over 40 years and has worked with Eskom and invested in both wind power and rural electrification projects in the country. The synergy between EDF and GIBB’s expertise will pave the way to increasing their activities in engineering services in Africa.
Valérie Levkov, Senior VP for Africa, Middle East and Eastern Mediterranean at EDF stated: “Our investment in GIBB Power will be a catalyst for the development of EDF in Africa through low-carbon projects that are consistent with EDF’s Cap 2030 strategy. We are also proud to support South Africa and more widely southern Africa to meet its energy challenges, especially with a trusted, stand-out partner in the region.”
Richard Vries, Group Chief Executive of GIBB Holdings “In the past, GIBB has on a number of occasions actively partnered with EDF to deliver major projects. This investment in GIBB Power is, therefore, a natural progression of the relationship. GIBB power is now poised to deliver world-class solutions to clients by bringing the necessary breadth and depth of technical skill across the full spectrum of the energy value chain”.