Renergen’s CEO, Stefano Marani, has taken a decision to relocate to Austin, Texas, in the United States of America (USA) – despite the gas project investment estimated to be worth at least R1 trill.
The Central Energy Fund has lashed out at former Eskom CEO André de Ruyter for speculating that Russia could be involved in its plans to take over soon-to-be-decommissioned plants and turn them into gas power stations.
The Central Energy Fund says its acquisition of a 60% stake in Avedia Energy, which includes the Liquified Petroleum Gas (LPG) terminal in Saldanha, Cape Town, will help diversify its revenue.