By OLIVER SAMBOKOAS at December 2020, Indeni Oil Refinery had lost annual revenue of K250, 017, 335 due to non-operationalisation of the bituminous plant at the Ndola plant.This is according to the 2020 report released by the Auditor General’s office.The objective of the project was to enable Indeni to produce bitumen for road constructions in the country.The plant has a capacity to produce 36, 500mt of bitumen per year. However, as at December 31, 2020, the plant was not operational. Consequently, the company lost annual revenue of K250, 017, 335 at a price of K6, 849.79/Mt as at September 30, 2020.The report revealed that on March 15, 2010, the Ministry of Energy and Water Development engaged Dalbit Petroleum Limited of Kenya to rehabilitate the Bitumen Plant at Indeni at a contract sum of K94, 837, 872,195 with an expected commencement date of October 17, 2011 and completion date of June 2012.The AG report revealed that […]
DORMANT INDENI OIL REFINERY LOSES K250M INCOME
