Brightwater Aquaculture
Development of 3000 ton Atlantic Salmon facility Brightwater Aquaculture, a local innovative developer is in the process of establishing a ?first of its kind? project in Southern Africa?s aquaculture sector located within the East London Industrial Development Zone The project includes the development and operation of an initial 3000t/year Salmon in-door Recycle Aquaculture System (RAS) production and processing units, operated by an international well-experienced firm called Aquamaof, targeting the export EU Market. Our vision is the domination of the Southern African Aquaculture market within SADC. We currently have the commitment of 2 further sites.The project has completed its pre-feasibility study phase and is aiming to progress into the implementation stage early 2016. Financial Overview Investment USD 38.5 million Debt / Equity 60/40 % Financial close 2015 Equity USD 15.4 million Equity payback 5 years Project IRR 36% Debt USD 23.1 million Selling price $6/kg We are looking for potential equity investors and debt funders
Member count: 51-200
Total raised: $6.9M