Mahlako Invests in Renergen's Tetra4 to Expand South Africa

Mahlako Gas Energy (MGE) finalised its investment in Tetra4 (Renergen's subsidiary), securing a 5.5% stake in the company for R550mm (~US$29mm), which holds South Africa's first onshore petroleum production licence and proven helium assets. With a focus on advancing South Africa's energy security, MGE's commitment reflects alignment with the Integrated Resources Plan (IRP) 2023, contributing to security of supply, energy affordability, and carbon emission reductions.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Subscribe Now