Botswana counts its losses as Westcor folds

Friday, March 05, 2010

Approximately P688, 000 invested by the government through the Botswana Power Corporation (BPC) could be declared unrecoverable after the drivers of Western Power Corridor reportedly declared the ambitious project terminated this week. But BPC officials say nothing is official yet.

In 2003, BPC invested US$100 000 in Western Power Corridor (Westcor), an ambitious P55 billion project known as INGA III to tap hydroelectric power from the Congo and Cuanza Rivers in the DRC and Angola respectively.

Botswana, along with the DRC, Angola, Namibia and South Africa, were to benefit from an anticipated 3 500 MW produced by the project.

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Botswana counts its losses as Westcor folds

Approximately P688, 000 invested by the government through the Botswana Power Corporation (BPC) could be declared unrecoverable after the drivers of Western Power Corridor reportedly declared the ambitious project terminated this week. But BPC officials say nothing is official yet.