State-owned Central Energy Fund has entered into a term sheet to invest R1bn into Tetra4 Proprietary Limited.
Tetra4 is 100% owner of the Virginia Gas Project, and the proceeds of the investment will be used by Renergen to progress the development of Phase 2 of this project. This major investment will also see Central Energy Fund take a 10% stake in Tetra4.
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CEO of Renergen