Steven Moti heads and founded GSC Energy, a subsidiary of GSC Holdings, which has entered into a 27-year Partnership Agreement with the Cameroon government to build Solar Parks to the cumulative value of $2.2 billion.
The partnership translates into a construction period of two years, before reaching commercial close, and a 25-year power purchase agreement.
The project will be rolled out in the second half of this year, mainly in the northern provinces and those in the extreme north.
Each solar park will have a capacity of 50 MWp and this will increase Cameroon’s generation capacity by more than 50%.The project will create up to 4 000 direct and indirect jobs at its peak and produce enough energy to power more than 50 000 homes, offsetting more than 70 000 tons per annum of carbon dioxide.
Mr. Steven Moti started Genuine Sense Communications, a financial communications company, with three of his Rhodes University mates in 2001. In 2009, Moti ventured on his own to partner with SD Technologies in Ulm, Germany. This saw GSC Group in 2011 becoming the first black company to participate at CeBIT, the world’s largest IT fair, held in Hannover, Germany.
Mr. Moti founded GSC Holdings a year later, which has interests in Renewable Energy, Mining and Telecoms (www.gscholdings.co.za). The company is spread across five countries in East, Central and West Africa.
From 1994 to 2000, Mr. Moti worked in different media houses, including The Sowetan, The Sunday Times, and The Star – Business Report as Financial Reporter. He was the first candidate, in 1997, to win the Anglo-American-De Beers Group Vocational Scholarship, in non-technical fields. He has won a number awards both academic and acknowledgements, including one of ethical investigative journalism in 2001 at Business Report.
A creative thinker, excellent communicator with sound financial management skills and proven ability in strategic planning, organisational leadership, change management and the development of innovative solutions.
Mr. Moti read Journalism and Media Studies, Race Relations and Finance from Technikon Pretoria, Birnam Business College, PR Institute in New York and an incomplete degree at Rhodes University.
He has worked with world bodies such as the World Economic Forum, edited Department of Minerals and Energy publication (Molato), and Worked for De Beers Consolidated Mines, the world’s largest diamond company. He has consulted for Patrice Motsepe (South Africa’s richest black billionaire) at Nafcoc, worked with Tiffany and Co. (New York), Petra Diamonds, ERPM and the PIC. He is well travelled in Sub-Saharan Africa and Europe.
Moti spends his spare time supporting the Angel Heart Foundation, an NPO in Tembisa twonship, Johannesburg, which supplies at-risk girl children with sanitary towels and school supplies. He is also part of a movement started by radio host Rams Mabote and former Bafana Bafana captain Lucas Radebe, called Boys 2 Men - which seeks to provide young men with alternative solutions to drug addiction and crime.