Feb 22 (Reuters) - Magnum Gas & Power Ltd MPE.AX :
* Magnum signs mou with sky blue capital MPE.AX
* Says Magnum and sky blue intend to enter into a more definitive agreement
prior to September 1, 2016
* Magnum and sky blue have agreed to form a new company ("newco") in Botswana
seeking to develop social housing projects
* Says newco is to be registered in Botswana as an independent power producer
* Purpose of newco is also to secure land for development, manage the
government relations and project approvals
* Source text for Eikon ID:nASX29VXKS