ENERGY Minister Makozo Chikote says Indeni Energy needs approximately US$250 million to become fully operational, comprising US$100 million in working capital for fuel procurement and US$150 million for capital expenditure. Last month, the TAZAMA Pipeline Open Access Selection Committee awarded a contract to Indeni Energy Company Limited and two other companies to supply low sulphur gas oil to the Zambian market in April 2025, using the pipeline. The two other Oil Marketing Companies awarded the contract include Boltt Global Solutions Limited and a joint venture between Titanium Oil Corporation and ADNOC (JV). According to the award of tender posted on the Ministry of Energy website, the three companies were each required to supply 35,000MT of the commodity, at US$ 2,940,000,...
