Central Energy Fund invests R1 billion in Renergen's Virginia gas project

[Jan]

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.

 

[Dan C]

One trillion

 

[CaptainPugwash]

 

[AlphaJohn]

Make space for new oligarchs

 

[am-user]

The helium discovered somehow makes these laughing / giggling photos audible ...

 

[Corelli]

Fracking is coming back whoohoo. Lets turn MORDOR INTO MORDOR!!!!