Renergen (ASX:RLT) said that a "defective" approval under South Africa's Mineral and Petroleum Resources Development Act for Springbok Solar Power Plant (RF) Proprietary's facility has been revoked, according to a Friday Australian bourse filing.
A dispute had arisen between Renergen unit Tetra4 and Springbok Solar regarding their solar development encroaching upon Tetra4's production right.
The director-general of the Department of Mineral and Petroleum Resources ruled in favor of Tetra4 on Wednesday, upholding Tetra4's appeal against a decision by the department's regional manager concerning land use rights.
The director-general found procedural defects in the approval process, noting that Springbok Solar failed to consult Tetra4 as required by the regulations.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。