Central Energy Fund (CEF) is a South African

state-owned State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to ...

institution that ensures proper use of energy to meet the energy needs of

South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. Its Provinces of South Africa, nine provinces are bounded to the south by of coastline that stretches along the Atlantic O ...

, the

Southern African Development Community The Southern African Development Community (SADC) is an inter-governmental organization headquartered in Gaborone, Botswana. Goals The SADC's goal is to further regional socio-economic cooperation and integration as well as political and se ...

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

History

On 2 March 2021, CEF announced to parliament a planned merger of its 3 subsidiaries, iGas,

PetroSA PetroSA (The Petroleum, Oil and Gas Corporation of South Africa ( SOC) Ltd.) is the national oil and gas company (NOC) of South Africa. Its main activities are the extraction of natural gas from offshore fields about 89 km from Mossel B ...

and the Strategic Fuel Fund as the incorporated South African National Petroleum Company.

References

Organizations established in 1954 1954 establishments in South Africa Government agencies established in 1954 Government agencies of South Africa {{SouthAfrica-gov-stub