Abengoa CSP SA The Project consists of the construction and operation of two greenfield concentrating solar power (CSP) projects near the towns of Upington and Pofadder, in South Africas Northern Cape Province, by Abengoa Solar, through its affiliates Abengoa Solar South Africa (Pty) Ltd (ASSA) and Son Revieren (Pty) Ltd, in partnership with the Industrial Development Corporation (IDC). Abengoa Solars parent company, Abengoa S.A. (Abengoa) is a leading developer of renewable energy projects. CSP is a term used to describe a variety of technologies by which solar energy is concentrated onto a receiver to heat steam for use in industrial or electricity generation applications.  !Ka Xu will use a parabolic trough CSP design and !Khi will use a power tower CSP design.  The power plants will sell electricity to the state owned utility, Eskom, under twenty year power purchase agreements.    !Ka Xu is a 100 MW parabolic trough CSP plant, with approximately 2.5 hours of molten salt storage, located 40 km from the town of Pofadder with an estimated total cost of ZAR 7.5 billion (approximately US$860 million). The solar plant will be located on the land of farm Scuit Klip 92 and will feed power into the Eskom Paulputs substation located approximately 1 km from the site. It will be structured as a special purpose vehicle and the project company is !Ka Xu CSP South Africa (Pty) Ltd.  !Khi is a 50 MW steam receiver power tower CSP plant, with approximately 2.0 hours of steam storage, located 15 km from the town of Upington with a total provisional estimated cost of ZAR 3.9 billion (approximately US$445 million). The solar plant will be located on the land of farm Mc Taggarts Camp 453 and will feed power into the Eskom 132kV transmission line located approximately 5 km from the site. It will be structured as a special purpose vehicle and the project company is !Khi CSP South Africa (Pty) Ltd. 1.	Increasing South Africa''s renewable energy output and helping the country meet its renewable energy targets, including by diversifying its renewable energy mix.  South Africa is facing electricity supply and demand imbalances that risk power cuts and the increased generation capacity from the Project will help to address this.  2.	Associated displacement of thermal power, resulting in avoidance of carbon emissions and local air pollutants (Sox and NOx) associated with South Africa''s predominant coal-fired power.  3.	Demonstration effect, as one of the first private sector renewable energy projects in South Africa and the first CSP projects in sub-Saharan Africa, proving the viability of financing a large CSP project on a limited recourse basis, demonstrating the suitability of solar power to South Africa given its excellent solar resources, and supporting the successful role out of the first projects under South Africa''s new renewable energy independent power producer program.  4.	Job creation/community development: the local communities will benefit through (i) significant sourcing of labor from local communities during the construction period, and overall job creation during the construction and operation periods; (ii) community development programs undertaken as a result of direct ownership in the power plant companies by Community Trusts.