BOL finalises preps for P30bn coal-to-fuel project

Black gold: The country’s abundant coal resources could power its fuel self-sufficiency PIC: MINERGY.COM
Black gold: The country’s abundant coal resources could power its fuel self-sufficiency PIC: MINERGY.COM

State-owned petroleum utility, Botswana Oil, has finalised studies towards the eagerly awaited $2.5 billion (P30 billion) coal to liquids plant and is due to launch a fresh hunt for private sector partners by mid-year, BusinessWeek has learnt.

Known as Ikaegeng XTL (coal-to-liquid), the ambitious project aims to tap into the billions of tonnes of coal lying untapped in the country, with technology applied to produce various petroleum products for domestic use.

While 11 companies were shortlisted for the project after a prequalification tender in August 2017, Botswana Oil (BOL) has since repackaged Ikaegeng as a Public Private Partnership initiative and finalised a feasibility study showing that nearly 3,000 jobs could be created during construction and operation.

Editor's Comment
Tighten the law on drug dealers

Our youth are perishing; their once hopeful bright future is going down the drain; all because of illicit drugs.It is very easy to blame the addict, but it is not as simple as that! Drug dealing is a very lucrative business for some shameless people amongst our society and as such they have come up with tight strategies on how to push their business.Drug addiction is bad, and while the individual on drugs sometimes might have been the one who...

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