BPC to receive P1bn subsidy

Mineral Resources, Green Technology and Energy Security ministry proposals placed before Parliament on Wednesday, indicate that P500 million has been planned for 2021/22 and another P500 million for 2022/23.

The Botswana Energy Regulatory Authority (BERA), meanwhile, is due to present the ministry with the BPC’s request for a five and four percent average tariff increase to cover the same period. Authorities believe that between the tariff requests, the subsidy support and the finalisation of Morupule B’s rehabilitation, the BPC will be able to stand on its own after the 2022/23 financial year, relieving government of its weight. According to figures laid before Parliament, minister Lefoko Moagi is proposing that the BPC be funded with P1 billion for the remaining fiscal years of NDP 11, which cover the period April 2021 and March 2023.