BPC posts P114m �artificial� profit

BPC posts P114m u2018artificialu2019 profit
BPC posts P114m u2018artificialu2019 profit

The Botswana Power Corporation (BPC) posted a profit of P114.1 million for the year ended March 31, 2014, buoyed by a P1.49 billion government bailout.

The bailout was needed to plug the gap between the cost at which the utility sources electricity and the price at which it sells it.

During the period, the BPC was incurring an average loss of 49 thebe per unit of power sold, up from 28 thebe in 2011.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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