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Sasol Agrees on Mozambique Gas Plant Sale in Latest Disposal

Sasol Agrees on Mozambique Gas Plant Sale in Latest Disposal
Dec 21 2020, 9:19 PM
December 21 2020, 8:23 PM
December 21 2020, 9:19 PM
(Bloomberg) Sasol Ltd. has agreed to sell its stake in a 175-megawatt gas-fired power plant in Mozambique to Azura Power Ltd. for about $145 million as part of an accelerated disposal program to pay down debt.
(Bloomberg) Sasol Ltd. has agreed to sell its stake in a 175-megawatt gas-fired power plant in Mozambique to Azura Power Ltd. for about $145 million as part of an accelerated disposal program to pay down debt.
The sale of its 49% shareholding in the Central Termica de Ressano Garcia plant, or CTRG, is subject to conditions including a pre-emption right by state-owned Electricidade de Mocambique, that holds the majority stake, as well as closing adjustments, the company said Monday in a statement. It has yet to announce a winning bidder for its stake in half of the 865-kilometer (538-mile) Rompco natural-gas pipeline ....

South Africa , Ressano Garcia , Gigajoule Group , Mozambique To Azura Power Ltd , Bloomberg Sasol Ltd , Azura Power , Central Termica De Ressano Garcia , Electricidade De Mocambique , மொசாம்பிக் க்கு அஸுரா பவர் லிமிடெட் , ப்ளூம்பெர்க் சசோல் லிமிடெட் , அஸுரா பவர் ,

Sasol Agrees on Mozambique Gas Plant Sale as Pipe Stake Awaited

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(Bloomberg) Sasol Ltd. has agreed to sell its stake in a 175-megawatt gas-fired power plant in Mozambique to Azura Power Ltd. for about $145 million as part of an accelerated disposal program to pay down debt.
The sale of its 49% shareholding in the Central Termica de Ressano Garcia plant, or CTRG, is subject to conditions including a pre-emption right by state-owned Electricidade de Mocambique, that holds the majority stake, as well as closing adjustments, the company said Monday in a statement. It has yet to announce a winning bidder for its stake in half of the 865-kilometer (538-mile) Rompco natural-gas pipeline that runs from Mozambique to South Africa. ....

South Africa , Ressano Garcia , Gigajoule Group , Mozambique To Azura Power Ltd , Sasol Ltd , Azura Power , Central Termica De Ressano Garcia , Electricidade De Mocambique , மொசாம்பிக் க்கு அஸுரா பவர் லிமிடெட் , சசோல் லிமிடெட் , அஸுரா பவர் ,