China's ICBC, Standard Bank sign Morupule deal

Tuesday, June 16, 2009
No Image

Government has committed P1.5 billion as part of equity financing for the $1,6-billion (P11.14 billion) Morupule B Power Station expansion project.

This was revealed by the Chairman of the Botswana Power Corporation (BPC) Ewetse Rakhudu at the signing ceremony of loan agreements between the Industrial and Commercial Bank of China (ICBC), South Africa-based Standard Bank and the BPC.

The consortium of ICBC and Standard Bank, which operates as Stanbic Bank in Botswana, will provide a $825-million loan for the expansion project which will be serviced over a period of 20 years and is backed by a guarantee from the Ministry of Finance. 

You may also like this
Latest Stories
Clapping hands: The BFA Tribunal ruled in Zakhem’s favour PIC: KENNEDY RAMOKONE

Tribunal rules in Zakhem's favour

Kabelo Boranabi | 1d ago

Amos targets 2025 World Championships return

Mqondisi Dube | 1d ago

Relegation axe looms large in the south

Boitumelo Khutsafalo | 1d ago

Hurting football's healing wound reopens

Mqondisi Dube | 1d ago

Who is McErick, the 'one-man judge'?

Mqondisi Dube | 1d ago

Tennis hunts P450,000 for Botswana Open

Mqondisi Dube | 1d ago

Race organisers issue sponsorship call

Kabelo Boranabi | 1d ago

BNSC backs table tennis

Kabelo Boranabi | 1d ago
Read Print Edition
front page 1
Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

The Monitor Editor | 14 May 2024
Selefu
mmegi thursday online
Have a Story? Send Us a tip
arrow up
Explore Subscribe to Mmegi Online
Receive latest and breaking news via email
About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Latest News
News
Business
Sport
Lifestyle
Features
Opinion & Analysis
Blogs
Sponsored
World
Full Picture
Featured Video
© 2020 - Dikgang Publishing Company. All Rights Reserved.