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
FMD crisis: We must fight as one

That should concern every Motswana. The implications extend far beyond cattle and farmers. Botswana’s beef industry is a critical pillar of the economy, supporting thousands of households and sustaining businesses along the value chain.The loss of access to lucrative export markets has already demonstrated how quickly an animal-health crisis can become an economic crisis.This is, therefore, not the time for complacency, blame, or political...

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