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South Africa invests R1 billion in massive Free State gas plant
The government's Central Energy Fund (CEF) will invest R1 billion for a 10% stake in Tetra4, the Renergen-owned gas producer developing a massive project near Virginia in the Free State, estimated to be worth over R1 trillion.
Renergen announced on Monday that the parties had concluded a term sheet for the purchase following negotiations.
The government's Central Energy Fund (CEF) will invest R1 billion for a 10% stake in Tetra4, the Renergen-owned gas producer developing a massive project near Virginia in the Free State, estimated to be worth over R1 trillion.
Renergen announced on Monday that the parties had concluded a term sheet for the purchase following negotiations.
