*Govt, SA🇿🇦 Firm Seal $5,2bn ⛽Fuels Deal*

Image Credits: The Herald

Government yesterday signed $5,2 billion deal with a South African company — Nkosikhona Holdings — that will see the country produce over 8 million litres of liquid fuels per day from coal in Lisulu, Hwangwe.

The deal will be actualised under a Memorandum of Understanding (MoU) signed between Verify Engineering Private Limited, an agent of the Ministry of Higher and Tertiary Education, Science and Technology Development and Nkosikhona Holdings yesterday.

The deal will see the beneficiation of coal for the production of liquid fuels, fertilisers and chemicals.

It also covers coal production and the setting up of the beneficiation plant.

The plant will be established in the Lisungu area of the Zambezi basin where coal is available in abundance.

The signing ceremony was witnessed by President Mnangagwa, Higher and Tertiary Education, Science and Technology Development Minister Professor Amon Murwira, whose ministry owns Verify Engineering company, Chief Secretary to the President and Cabinet Dr Misheck Sibanda, Energy and Power Development Minister Ambassador Simon Khaya Moyo, Permanent Secretary Dr Desire Sibanda and chief executive officer of Nkosikhona Holdings, Jaco Immink and Engineer Pedzisai Tapfumaneyi of Verify Engineering.

The project has a potential to produce 8 million litres of various forms of liquid fuels daily against the national consumption of about five million litres a day.

It will produce fuels and energy products like petrol, diesel, gas, oxygen, waxes, compounds for agriculture such as fertili

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