Zimbabwe: Mandatory Blending of Ethanol Conditional
From All Africa
By Zvamaida Murwira
Mandatory blending of ethanol from Chisumbanje will be implemented once Government agrees on a shareholding structure with the investor, Deputy Prime Minister Arthur Mutambara has said. He said Government was finalising the transition of the project from a Build Operate and Transfer to a joint venture where the State would partner the investor, Macdon and Ratings owned by business tycoon Billy Rautenbach. DPM Mutambara said this while responding to a question from Kwekwe MP Mr Blessing Chebundo (MDC-T) who wanted to have an update on the progress with regards to mandatory blending.
“As Government, we said BOT arrangement was not in our national interest,” he said. “You cannot do mandatory blending for a private business, it should be a joint venture so that every Zimbabwean benefits.
“The mandatory blending is conditional, it will be done when we move from BOT to a joint venture. We will sign a memorandum of agreement with the investor once we agree. That is work in progress.”
DPM Mutambara said issues to be determined were what equity the investor should take, but in the end the project should comply with indigenisation laws of the country.
He said political fighting had almost threatened the smooth running of the project, but Government swiftly moved in to rein in the situation.
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