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
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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