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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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