Simon Baloy sees good things ahead for his company in Mozambique. The Sasol boss is happy about the new peace deal President Daniel Chapo signed with nine political groups on March 5. The country's lawmakers just made this agreement an official rule yesterday.
Baloy talked to news people after meeting President Chapo in Maputo. He said all business partners notice how things have become more stable. Everyone wants to keep helping build up the country. They faced some hard times before, but the president has brought calm back. This makes doing business much easier for everyone involved.
The better peace lets Sasol start its next big plan soon. They will change gas from the Inhassoro district into power at the Temane plant. Mozambique Power Invest holds 85 percent of this project, and Sasol-Africa keeps the other 15 percent. Globeleq runs most of MPI, with 76 percent, and the public power company EDM has 24 percent.
Baloy talked with the president about how well their billion-dollar project was progressing. The PSA Production Sharing Agreement is almost finished after years of work. They expect to wrap it up by next September. Baloy praised the team effort between his company and local partners throughout the process.
This big project does more than just make power. It sends gas to Temane, the second biggest power station in the country. The plant will make LPG fuel that people need every day, cutting down on the amount of gas they must buy from other countries. Baloy feels thrilled about keeping their long friendship with Mozambique going strong since 2004. Sasol runs the Pande and Temane gas fields and has built pipes that carry gas all the way to South Africa.
Baloy talked to news people after meeting President Chapo in Maputo. He said all business partners notice how things have become more stable. Everyone wants to keep helping build up the country. They faced some hard times before, but the president has brought calm back. This makes doing business much easier for everyone involved.
The better peace lets Sasol start its next big plan soon. They will change gas from the Inhassoro district into power at the Temane plant. Mozambique Power Invest holds 85 percent of this project, and Sasol-Africa keeps the other 15 percent. Globeleq runs most of MPI, with 76 percent, and the public power company EDM has 24 percent.
Baloy talked with the president about how well their billion-dollar project was progressing. The PSA Production Sharing Agreement is almost finished after years of work. They expect to wrap it up by next September. Baloy praised the team effort between his company and local partners throughout the process.
This big project does more than just make power. It sends gas to Temane, the second biggest power station in the country. The plant will make LPG fuel that people need every day, cutting down on the amount of gas they must buy from other countries. Baloy feels thrilled about keeping their long friendship with Mozambique going strong since 2004. Sasol runs the Pande and Temane gas fields and has built pipes that carry gas all the way to South Africa.
