Through its Ministry of Mines, Industry and Energy, the country has signed a Global Agreement with BG Equatorial Guinea Limited and BG Gas Marketing Limited (collectively, “BG”) under which the Government and BG jointly provide funds for the construction of projects of public and commercial infrastructure in Equatorial Guinea. The contract was signed in Washington D.C.
One of the initiatives includes a compressed natural gas plant and fueling stations to support a new fleet of CNG powered buses, to be procured for the cities of Malabo and Bata, and the gasification of a 24MW power generating plant located in Bata, currently powered with fuel oil, so that it will be powered by natural gas. The agreement is expected to remain in effect during the execution of projects according to the funding implementation.
“This agreement presents an opportunity for the Government and BG to strengthen their relationship and also serves as a model for collaboration between government and the companies operating in Equatorial Guinea to maximize its natural resources for the benefit of our people,” said Minister of Mines, Industry and Energy, Gabriel Mbega Obiang Lima.
“These projects, when completed, will greatly benefit the people and local companies, including BG, by providing efficient transportation and electricity for both domestic and industrial consumption,” he added.
Source: Equatorial Guinea’s Press and Information Office