BPC losses near P500m as power imports rise

Improved outlook: The BPC’s power imports for the first two months of the 2022/23 financial year were 63% down compared to the corresponding period last year. This was due to higher generation at Morupule B Power Station PIC: PHATSIMO KAPENG
Improved outlook: The BPC’s power imports for the first two months of the 2022/23 financial year were 63% down compared to the corresponding period last year. This was due to higher generation at Morupule B Power Station PIC: PHATSIMO KAPENG

The Botswana Power Corporation (BPC) recorded total losses of P486.9 million in the year to March 2022, after its electricity imports rose due to the below target generation at Morupule B, the country’s primary source of power.

By comparison, the corporation raked in pretax profits of P365.2 million in the 2021–2022 financial year, helped by improved generation at Morupule B and, thus, a reduced need to run the diesel plants at Orapa and Matshelagabedi which can collectively provide 160MW of emergency power.

Analysts also expect that the COVID-19-related restrictions on various sectors of the economy reduced the need for power imports in the 2020–2021 financial year.

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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