mmegi

Citizens to get share in Tshele Hills project

Thinking big: Tshekedi expects BOL to 
more than double the country’s national strategic oil reserve
Thinking big: Tshekedi expects BOL to more than double the country’s national strategic oil reserve

A minimum of five percent has been set aside for citizen-owned companies as equity in whichever entity wins the rights to build the Tshele Hills oil storage project, with more shareholding to be reserved at the design, construction, and operation stages.

The long-awaited project is being done as a Private Public Partnership (PPP) and the winning bidder will be required to set up a Special Purpose Vehicle (SPV) to enter into agreements with the Ministry of Minerals and Energy and Botswana Oil (BOL).

Estimated at P3 billion, the project entails the construction of facilities and associated infrastructure that will boost strategic storage capacity in the South from 25 million litres to about 171 million litres.


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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