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AfrElec GAS-TO -POWER AfrElec
Sasol Africa exits Mozambique
gas-to-power plant
MOZAMBIQUE SOUTH Africa-based chemicals and energy electricity generation potential in southern
multinational Sasol has completed the divest- Africa. CTRG, one of the key suppliers of power
ment of its shareholding in a gas-to-power plant to the capital city Maputo, began generating
in southern Mozambique. power in 2015, fuelled by gas from the Pande and
The company’s exit from the 175MW Central Temane onshore fields, delivered by a pipeline.
Térmica de Ressano Garcia (CTRG) is effective Azura already runs a 461MW open cycle gas
from April 29, Sasol said in a press release on in Nigeria and a 116MW asset in Senegal. It is
May 3. developing 100MW and 187MW assets in Nige-
In December 2020, Sasol announced that a ria and Senegal respectively. In Mozambique,
sale securities purchase agreement had been Azura says it has 517MW in development.
signed with Azura Power of London for the “This [acquisition] represents a significant
divestment of Sasol’s equity interest in CTRG. milestone for our business and is hopefully just
All conditions precedent, Sasol said, have now the first of many Azura projects in Mozambique,
been fulfilled. a country and power sector which we have long
“This transaction is part of the company’s seen as strategically important,” Azura chief
ongoing strategy-aligned asset divestment executive officer Alan Muir said.
programme announced in March 2020. Sasol “When combined with our assets in Nigeria
remains fully committed to upstream gas oper- and Senegal, we are now strongly positioned for
ations in Mozambique, which continues to be future growth in three of Africa’s leading gas-to-
integral to Sasol’s strategy,” the company said. power economies.”
Azura says Mozambique has the greatest
P6 www. NEWSBASE .com Week 18 05•May•2022
