BPC's history-making profits revised up to P700m

Friday, May 10, 2019

The Botswana Power Corporation’s (BPC) first profits in a decade have been revised upwards to P674 million, the latest Auditor General report shows.

Last June, documents shared with BusinessWeek suggest that the power utility had recorded an estimated P200 million profit, the first in 10 years of multi-billion pula losses.

BPC’s decade of misery was driven by high import costs to cover failure of Morupule B, no-cost reflective tariffs, operational inefficiencies and a spiralling debt book.

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