BOL upbeat as Coal to Liquids tender closes

Value added: The envisaged plant would supply more than 50% of the country’s annual consumption by converting coal to a number of other chemicals PIC: PHATSIMO KAPENG
Value added: The envisaged plant would supply more than 50% of the country’s annual consumption by converting coal to a number of other chemicals PIC: PHATSIMO KAPENG

Botswana Oil (BOL) is reporting that “quite a number” of potential investors have responded to its call for bids to build a Coal to Liquids (CTL) plant that could produce 12,000 barrels of oil per day or more than 50% of the country’s annual consumption.

Bids closed on Thursday and on Tuesday, a senior BOL executive hinted that a healthy number of firms had submitted expressions of interest ahead of the February 29 deadline.

“We have received quite a number of companies expressing interest, wanting to develop this and we will be looking forward to the next stage when they will receive the Request for Proposal and respond to it,” BOL’s senior manager (New Ventures) Gamu Mpofu told an energy conference on Tuesday. “This is a major undertaking, a huge project and it requires us to have the right partner who can deliver it.”

Editor's Comment
BDP primaries leave a lot to be desired

The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...

Have a Story? Send Us a tip
arrow up