Central Energy Fund Explained

Central Energy Fund Group
Trading Name:Central Energy Fund SOC Ltd.
Type:Public
Location Country:South Africa
Revenue:[1]
Revenue Year:2022
Net Income Year:2022
Assets Year:2022
Parent:Department of Mineral Resources and Energy

Central Energy Fund (CEF) is a South African state-owned institution that ensures proper use of energy to meet the energy needs of South Africa,[2] [3] the Southern African Development Community and the sub-Saharan African region, as well as indulging in controlling of oil, gas, low-smoke fuels, electrical power, solar energy, biomass, wind and renewable energy sources.[4] [5] CEF also ensures the development and flow of the oil and gas assets and operations of the South African government. The institution is derived from the CEF Act (No 38 of 1977) of South Africa. CEF makes sure that security of energy supply of South Africa and SADC through cooperation and partnership is being promoted.[6]

In 2021, CEF's revenue was estimated to be around US$0.94 billion.[7]

History

On 2 March 2021, CEF announced to parliament a planned merger of its 3 subsidiaries, iGas, PetroSA and the Strategic Fuel Fund as the incorporated South African National Petroleum Company.

Notes and References

  1. Web site: CEF Integrated Annual Report 2022 .
  2. Web site: Central Energy Fund (CEF) South African Government . 2023-12-05 . www.gov.za.
  3. Web site: Petroleum Department: Energy REPUBLIC OF SOUTH AFRICA . 2023-12-05 . www.energy.gov.za . en-US.
  4. Web site: Ebrahim . Na'ilah . SA faces looming fuel crisis, warns Central Energy Fund chair . 2023-12-05 . Business . en-US.
  5. Web site: Central Energy Fund SOC Ltd (CEF) - Overview . 2023-12-05 . nationalgovernment.co.za.
  6. Web site: CENTRAL ENERGY FUND SOC LTD (CEF) . 2023-12-05 . issuu . en.
  7. Web site: GRRR.nl . Oil and Gas Benchmark . 2023-12-05 . World Benchmarking Alliance . en-US.