Household Gas: STC Petroleum Establishes a Separate Board of Directors
On Friday, the Cabinet approved the establishment of the board of directors for STC Petroleum Company Ltd, appointing Tejanand Dewoo as Part-time Chairperson. This decision is part of the structuring of an entity responsible for managing a strategic asset related to household gas supply in Mauritius.
Tejanand Dewoo is no stranger to public appointments. Last May, he was appointed part-time chair of the Price Observatory Committee. He holds a BSc in Mathematics, a PGCE, an MSc in Human Resource Management, and an MA in Education, and he previously served as the principal of Bocage International School.
His background also includes a stint in municipal politics as Mayor of Curepipe in 2000 under the Labour Party, as well as chairmanship of the Agricultural Marketing Board. Additionally, he acted as the election agent for his son, Shakti Dewoo, during the 2025 municipal elections.
The establishment of this board follows the acquisition of Petredec (Mauritius) Ltd by the State Trading Corporation last September for over 20 million US dollars (more than Rs 930 million). Previously, the gas storage facilities were operated under a lease agreement with Singapore-based Petredec, which has been present in Mauritius for 14 years.
According to authorities, this acquisition now allows the Mauritian state to strengthen its direct control over a key link in the liquefied petroleum gas (LPG) supply chain, which is primarily used for domestic cooking. The relevant infrastructure has essential storage capacity for the country’s energy security.
STC Petroleum Company Ltd operates as a sister entity to the STC, with operational autonomy while remaining under its supervision. Until now, governance was based on the STC board of directors. The decision to provide the subsidiary with a full-fledged distinct board aims to enhance its management and efficiency, given that the state seeks to optimize the returns on this strategic investment.
Authorities further believe that transitioning from a leasing model to full ownership of the infrastructure will ultimately lead to financial gains and ensure better price stability for consumers.
