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Dr Beyers Naudé Municipal SSEG Programme

ZetaTech Investor Dossier

Tab 01 · Executive Investor Summary

A municipality-approved gateway to high-yield renewable energy assets in the Eastern Cape

The Dr Beyers Naudé Local Municipality SSEG Programme offers investors a structured, de-risked pathway to deploy PV and BESS assets — anchored by 71.60 GWh of verified annual consumption and an Eskom bill exceeding R212 million.

Annual Bulk Consumption

71.6GWh

Across 9 Eskom supply points

Year 1 Eskom Baseline Cost

R212.8M

Jul 2023 – Jun 2024

10-Yr Cumulative Saving

R1,174.9M

Scenario B (Full BESS)

Eskom Tariff Escalation

9%/yr

RCA-confirmed trajectory

Investment Thesis

Why this programme creates compounding value

South Africa's 9%/yr Eskom tariff escalation against ~6%/yr fixed-cost renewable escalation produces a 3% annual differential — the primary engine of value creation across both phases.

3% Compounding Differential

9% Eskom escalation vs ~6% renewable cost escalation compounds to a 16.3pp saving improvement over the decade.

Materially De-Risked

Municipality pre-approved SSEG status, EIA exemptions and site readiness across the Phase 1 pipeline.

Inflation-Linked Cash Flows

BESS projects operate under lease structures with defined CPI+1% escalation — predictable investor returns.

Municipal Off-Taker

DBNLM acts as anchor off-taker for BESS arbitrage and PV energy services across nine supply points.

10-Year Eskom Cost Trajectory

Baseline vs Scenario B (Full BESS) vs Scenario C (Evening BESS). Eskom escalation 9%/yr, PV+BESS 6%/yr.

Consumption by TOU Period

71.60 GWh across nine supply points (Jul 2023 – Jun 2024)

Annual Saving — Scenario B (Full BESS)

Year-on-year cost avoidance vs the Eskom baseline, growing from R56.65M (Yr 1) to R198.38M (Yr 10).

Key Financial Highlights

Combined PV + BESS system performance

Scenario comparison against the no-PV/BESS baseline, drawn from the verified engineering design.

MetricScenario BScenario CBaseline
Annual Eskom Cost (Year 1)R156.19MR184.37MR212.83M
Year 1 Saving vs BaselineR56.65M (26.6%)R28.46M (13.4%)
Year 10 Annual SavingR198.38M (42.9%)R150.76M (32.6%)
10-Year Cumulative SavingR1,174.9MR803.4M
10-Year Total Eskom SpendR2,058.7MR2,430.2MR3,233.6M
Aggregate Saving (10 yr)36.3%24.8%
PV Capacity28.8 MWp28.8 MWp
BESS Capacity126.5 MWh / 18.5 MW54.0 MWh / 8.0 MW
Phase 1 Snapshot

Immediately deployable project suite

Phase 1 Total BESS Capacity

7MWh

4 deployable projects

Phase 1 Total PV Capacity

5.0MWp

2 DoT projects

BESS Project IRR Range

31–35%

15-year term

Phase 1 Total CapEx

R71.75M

BESS + PV combined

Confidential — for authorised recipients only. This dossier contains commercially sensitive financial, engineering and strategic information. Distribution is restricted to authorised recipients under NDA. Produced by Utility Consulting Solutions (Pty) Ltd on behalf of Dr Beyers Naudé Local Municipality, June 2026.