SAPP looks to capital markets for funding
Friday, February 26, 2010
SAPP has engaged Mercados, an energy consultant from Spain, to assess the Botswana Power Corporation and utilities from Mozambique, Zambia and Lesotho with a view to enhancing their credit rating and thus their ability to negotiate affordable credit in local and international markets.
The need for higher credit ratings for SAPP members is driven by the need for the region to generate at least 47, 000 megawatts of new power in the next 15 to 20 years, requiring investments running into hundreds of billions of pula. All utilities and their governments in the 12-member strong SAPP will be unable to raise the amount of capital needed to ensure that lights stay on in the region by 2030.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...