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
Kudos to Botswana Police Service, other security entities

“In any moment of decision, the best thing you can do is the right thing.”– Theodore RooseveltThrough the two-day event, over 700 athletes from 40 countries, and multitudes of spectators gathered in Gaborone to witness a world-class sporting spectacle.Beyond the medals and performances on the track, Botswana won something equally important: international respect. One of the key pillars behind the success was the sterling work done by the...

Have a Story? Send Us a tip
arrow up