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Tapiwanashe Mangwiro and Francis Gakanje
Puma Energy continues to demonstrate confidence in Zimbabwe after the company invested a further US$3 million towards expanding its aviation fuel storage facility in Harare.
On Monday, the company commissioned an expanded jet fuel depot at the Robert Gabriel Mugabe (RGM) International Airport as it spreads its footprint across the energy sector.
Speaking at the commissioning, Puma Energy Zimbabwe general manager Mr Donatien Kodog said his company was proud to be investing in key infrastructure to enhance fuel security in Zimbabwe.
“We believe this will significantly increase the country’s aviation fuel storage capacity, ensuring a reliable supply to meet the growing demands of the aviation industry,” he said.
Puma Energy Zimbabwe last year pledged to invest US$30 million over three years as part of consolidating its footprint in the country, a commitment to its long-term presence in Zimbabwe.
“Our investment into this expanded storage facility is part of Puma Energy Zimbabwe’s larger commitment to inject US$30 million into the Zimbabwean market over the next three years and it demonstrates our dedication to supporting Zimbabwe’s economic growth and development,” Mr Kodog added.
The RGM International Airport jet fuel depot was established in 2015 and had a storage capacity of 232 000 litres. The investment was in response to growing demand for jet fuel.
In 2019, the capacity was expanded to 490 000 litres.
The jet fuel depot clients include Air Zimbabwe, Halsteds Aviation Corporation (HAC), Air Force of Zimbabwe, Comair and British Airways, Kenya Airways, Air Namibia, SA Express, Ethiopian Airways, Air Malawi and Air Botswana.
“Today, our storage capacity stands proudly at 1,49 million litres achieved at a cost of US$2,2 million, and nearly ten years later, we currently employ 15 personnel on-site.
“Additionally, we have acquired a third re-fueller valued at US$800 000. Our total investment amounts to US$3 million, showcasing our dedication to investing in Zimbabwe,” the general manager added.
The Deputy Minister of Transport and Infrastructural Development, Joshua Sacco said the transport industry operated in a complex value chain, comprising interconnected sectors that collectively enable safe and efficient transportation of passengers and goods.
“Each party plays a vital role in facilitating economic growth.
“A well-functioning transport system serves as the backbone of trade and commerce, facilitates tourism, attracts investment, and fosters job creation.
“It is the lifeline that connects businesses, communities, and markets, driving progress and development.
“We therefore commend Puma Energy Zimbabwe for leading by example and investing in infrastructure and services that are paramount for the successful realisation of Vision 2030,” the deputy minister added.
The storage facility will lessen supply disruptions and spur economic growth.
Puma Energy Zimbabwe has a retail network of 50 service stations country-wide and has a presence at four airports.
Online Reporter