TitanForge Business Plan › Section 16 › Energy Strategy & Sustainability

13.1 Helios and the energy cost thesis

Helios’s 1.5 GW portfolio (800 MW solar, 400 MW wind, 300 MW BESS)
exists for three reasons in strict priority: smelter energy security,
group energy cost defence, and carbon reduction. Industrial electricity
tariffs in South Africa have risen several-fold in real terms since 2008
and are the proximate cause of most ferroalloy furnace closures over
that period. The plan assumes Helios supplies group operations under
15–20 year PPAs at a levelised tariff materially below the megaflex
trajectory, with the BESS providing peak-shaving and furnace
ride-through.

13.2 ESG framework

• Environment: 2.9 Mt CO2e avoided annually by
  Y10; water-neutral processing targets at Vulcan via dry-cooling
  retrofit; progressive rehabilitation funded through ring-fenced trusts
  as required under NEMA and the Financial Provisioning
  Regulations.
• Social: 22,000 direct and 75,000 indirect jobs;
  Social and Labour Plans exceeding Mining Charter minimums; local
  procurement target of 60% of addressable spend by Y5.
• Governance: King IV application; independent
  board majority; asset-level SPV boards with lender observer rights; IFC
  Performance Standards and Equator Principles compliance across the
  programme — a precondition for the targeted DFI syndicate, not an
  aspiration.
• B-BBEE: Level 4 minimum at all operating
  companies with a structured pathway to Level 2; broad-based employee and
  community ownership vehicles at MineCo holding not less than the Mining
  Charter’s required equity participation.

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of TitanForge Resources & Infrastructure Holdings.