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BPC losses near P500m as power imports rise

Friday, July 22, 2022 | 1820 Views |

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.

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