Debswana power bill swells by P83 million

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The recent increase in electricity tariffs and the introduction of the electrical installation levy is expected to increase power costs of Debswana Mining Company by P83 million in 2010.

In a brief to employees last week, managing director of the diamond giant, Blackie Marole said the across the board and conditional increments would result in a total aggregated increase of 55.5 percent on the company's electricity bill. "Using 2008 figures as a baseline, this represents over P83 million per year increase in 2010," Marole noted.

As a result of the cost analysis, Debswana has embarked on a P4.6 million energy conservation baseline studies to "determine and quantify opportunities as well as plan implementation of energy conservation in operations".

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