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Azura Power Donates Free Education Materials, Library to Edo Primary School – THISDAYLIVE
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Mozambique: Sasol Pulling Out of Ressano Garcia Power Station
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JOHANNESBURG, Dec. 21, 2020 /PRNewswire/ Sasol is pleased to announce that a Sale Securities Purchase Agreement has been signed with Azura Power Limited for the divestment of the Company s full shareholding in CTRG, the gas-to-power plant located in Ressano Garcia, Mozambique.
The transaction is subject to a number of conditions precedent, which include regulatory approval and the waiver of pre-emption rights held by Electricidade de Mocambique (EDM), the Mozambican state-owned electricity company.
The consideration will be approximately USD145 million and covers the equity and other shareholder claims that Sasol holds in CTRG. This will be subject to any relevant closing adjustments, including those in relation to working capital.