Govt inks $4bn renewable energy deal with Indian firm
Mbongeni Mguni | Wednesday December 17, 2025 16:05
In statement to the Bombay Stock Exchange this afternoon, KP Group revealed that the MoU had been sealed with a target of up to five gigawatts of renewable energy.
“As part of the understanding, KP Group will lead technical and commercial development activities, including feasibility studies, project design, financing, construction, commissioning, and long-term operation and maintenance of the renewable energy and storage assets,” the firm’s directors said.
According to the MoU, KP Group and the Government of Botswana will work together to develop “a host of renewable energy and infrastructure projects that would require capital investment of around $4 billion (P52.8bn).
“These projects are expected to help increase Botswana’s renewable energy capacity to nearly 5 GW. “The collaboration envisages the upgrading and construction of high-voltage transmission lines within Botswana, as well as strengthening interconnections with neighbouring countries to enable regional power transmission,” the group said.
The MoU also involves KP Group supporting 30 scholarships per annum for Batswana to pursue education and skill development in areas related to renewable energy, engineering, sustainability, and allied disciplines.
Speaking on the deal, Minerals and Energy minister, Bogolo Kenewendo, was quoted as saying the MoU was an important step in Botswana’s transition towards a sustainable and secure energy future.
“Through this partnership with KP Group, Botswana seeks to accelerate clean energy deployment, strengthen regional power connectivity, and deliver long-term economic and environmental benefits, while also promoting skills development and local capacity building, through scholarships for Botswana citizens to support the clean energy transition,” she was quoted in KP Group’s statement as saying.
The deal with the Indian firm comes hot on the heels of an arrangement sealed with the Omani Investment Authority last month for the financing of a 500-megawatt solar and battery storage project in Maun and Letlhakane.
Also last month, government signed a strategic partnership with global investors Thirty-Five Global Links, Mercuria Asia Holdings, Ulsan Holdings, and Innovation Global Industries aimed at boosting national energy security and modernising infrastructure.