REN - Redes Energeticas Nacionais, SGPS S.A.: Update following rating affirmation
INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 12 January 2017 Update RATINGS REN - Redes Energeticas Nacionais, SGPS S.A. Domicile Portugal Long Term Rating Baa3 Type LT Issuer Rating - Fgn Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Niel BissetRenergen Ltd. Renergen Limited is an integrated alternative energy company. The Company invests in early-stage alternative energy projects. The Company focuses on the alternative and renewable energy sectors in South Africa and sub-Saharan Africa. The Company holds interests in Tetra4 Proprietary Limited (Tetra4) and Windfall Resources Limited (Windfall). Tetra4 is a natural gas producer that provides sustainable, clean energy solutions to energy users in the Free State Goldfields region. Tetra4 has approximately 10 methane-rich natural gas and helium wells. Tetra4 owns the production right, which spans approximately 187,000 hectares in the Free State near Virginia, Theunissen and Welkom, and is surrounded by approximately 98,000 hectares of exploration rights. The Company owns an exploration right of an approximately 52,000 hectare field located in Evander, Mpumalanga, as well as farm-in rights to approximately two reserves near the towns of Kroonstad and Heilbron.
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