South Africa to build EUR 114.8mn LPG storage plant by end-2014.

By bne IntelliNews July 2, 2012
South Africa plans to build a ZAR 1.2bn (EUR 114.8mn) liquefied petroleum gas (LPG) storage facility, which will be the biggest in the country, Reuters reported. The project is aimed at reducing LPG shortages that regularly hit South Africa. Construction is scheduled to start at the beginning of 2012 and to become operational in December 2014, Barthlo Harmse, project director of Sunrise Energy told Reuters. Sunrise Energy, a joint venture between engineering and construction group Ilitha Group and South Africas state-owned development finance institution Industrial Development Corporation (IDC), is developing the LPG facility on the countrys west coast. The facility will be supplied by imports from the Middle East, Gulf of Guinea and Angola.
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