BPC turnaround hinges on govt political will

Thursday, April 17, 2014

After spending over P2 billion to import power and generate electricity from power peaking plants in 2013, the coming on stream of the full 600 MW from Morupule B power station will be crucial in the turnaround of the parastatal's operations and finances.

The ambitious plans of the Botswana Power Corporation (BPC) to overturn its present P1.25 billion loss into a profit in the next three years will largely depend on government pumping further subsidies into the parastatal. Moreover, Business Week has leant, electricity tariffs will need to be adjusted significantly to bolster the business.

These plans include the take over by management contactor, Electricity Supply Board International (EASBI) from June.

The contractor is mandated with the task of turning around the troubled parastatal dogged by losses, operational inefficiencies and supply gaps into a high performance and profitable organisation by 2018.

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BPC turnaround hinges on govt political will