EDF and Gibb become partners in GIBB Power

EDF, an electricity company, and GIBB, a major engineering player in Africa, signed agreements for EDF to invest in GIBB Power, a subsidiary company of GIBB Engineering and Architecture specializing​ in engineering in the energy sector. Financial terms were not disclosed. 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, specializing​ in supporting energy projects and offering solutions to the challenges of energy transition in Africa. “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.” Valérie Levkov, Senior VP for Africa, Middle East and Eastern Mediterranean at EDF. “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”. Richard Vries, Group Chief Executive of GIBB Holdings.