Gov't could drop Morupule B P8bn expansion

Friday, November 23, 2018

Government is considering dropping the planned P8 billion expansion of Morupule B, looking at the preferred bidders’ demands for default guarantees and the improved supply outlook for the country, BusinessWeek has learnt.

Mineral Resources, Green Technology and Energy Security minister, Eric Molale has written to finance minister, Kenneth Matambo asking for final advice on whether to proceed or drop the project.

The expansion involves the addition of two 150MW to the existing 600MW Morupule B. In 2015, the government named two Asian mega-corps – Marubeni from Japan and Posco from South Korea – its preferred bidders with work due to have begun last January.

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Gov't could drop Morupule B P8bn expansion

Government is considering dropping the planned P8 billion expansion of Morupule B, looking at the preferred bidders’ demands for default guarantees and the improved supply outlook for the country, BusinessWeek has learnt.

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

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Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Inspect the voters' roll!