Article

BLU Label is pivoting towards the electricity sector, having obtained a multi-year energy trading license from the National Energy Regulator of SA for its subsidiary, BLU Energy Trading. The company intends to produce renewable energy through solar batteries at substations, directly supplying municipalities.

BLU Energy plans to construct 10MW-40MW plants and has initiated early power purchase agreements. The subsidiary's revenue assurance model aims to help municipalities recover an estimated 30% of stolen electricity. BLU's focus on electricity services has led to growth surpassing traditional prepaid products, with a 40% increase in its universal voucher sales over the past two years.