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
Shame on the Police!

According to a press statement from the police, unidentified armed men attacked on duty police officers at the station in the early hours of Tuesday.During the attack, the suspects stole 14 riffles, five pistols and an undisclosed number of ammunition.Although unconfirmed, it is alleged that the suspects were just carrying knives and axes, which they used to scare the men and women in uniform before they took them hostage to help themselves to...

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