Is FOX PETROLEUM group is ready to invest in South Africa
Fox to fill Africa with 123 billion Rand of capital investment. South Africa sources confirmed that Fox Petroleum group after thru investigation on the ground, they have chosen some area to grow their business.
Fox to fill Africa with 123 billion Rand of capital investment. South Africa sources confirmed that Fox Petroleum group after thru investigation on the ground, they have chosen some area to grow their business. In South Africa, loadshedding has been a recurring problem for many years, and one of its main causes is the country's heavy reliance on coal-fired power plants. Fox Petroleum group has requested Mr Cyril Ramaphosa The President of South Africa for six units of electricity generation and distribution partnership business with Government.
As Fox Petroleum Group and its Associate Companies Fox Capital Group, a rising leader in the business since its inception and under Dr Ajay Kumar Chairman’s command, Group is confident that they can provide the quality solution for needs of Transnet a giant company in south Africa and other objectives of Fox Petroleum Group.
South African government sources has confirmed that they aim to provide clients the best results and South Africa hope that with this initiative, we can consider giving us an opportunity to provide the Country our services. The team Fox is competent to provide a high-class service for sector wise needs in a disciplined and innovative manner.
Fox petroleum group have plans to enter Ports business, Oil and Gas and Oil Tank Farm. They are addressing the needs pf Energy Crisis in South Africa. Which is at its worst in the Republic of South Africa. Power cut is severe. It halts business and interest. They want to install Six Units of LM2500 family of aeroderivative gas turbines, including the LM2500XPRESS, boasts over 120 million operating hours, several times the operating experience of its competitors combined, and unsurpassed flexibility and reliability—helping to develop a better energy future. 100% investment and ready for the nation to supply will be in 14 Months’ time.
Fox Petroleum Group investment in Agriculture is remarkable, it is unavoidable, for the farmers – Group Chairman wants to assist financial institutions and Banks with funding – by providing loan to Bank or Financial Institution to fund the farmers further – a maximum amount of USD 2 Million for one farmer on the basis of land collateral worth 300 Percent of the principal amount at 7% of interest per annum.
Fox Petroleum has lifted its own embargo not invest in solar. But now they have Solar Proposal, under discussion with several companies to manufacture solar panels and battery banks within South Africa for Africa. In this regard they have plan to attach with every bank to give solar loans to installation and AMC for household to farmlands and houses. Bank will give loan on EMI, and we will install solar panels and battery bank to individual household. It will be for sixty easy instalments. And solar panel life we will secure minimum 17 years and buy back after 17th years for new installation.
by Mrs. Mansi Mahajan