Growthpoint acquires a 30% stake in new R390m Boston Hydroelectric Plant
Growthpoint Properties, South Africa’s leading Real Estate Investment Trust (REIT), has acquired a 30% stake in the operational Boston Hydroelectric plant, a new R390 million development with an operational lifetime of over 40 years by leading independent power producer Serengeti Energy within the Lesotho Highlands Water Scheme near Clarens. South Africa’s newest hydroelectric plant was certified for commercial operations by Eskom on Friday (17 October 2025) and has already started adding renewable energy to the national grid.




