Govt backtracks on P350m BPC management contract

Wednesday, March 02, 2016

Kitso Mokaila during media briefing.PIC: KENNEDY RAMOKONE

Government has back pedalled on a deal in which it was to pay Irish company, Electricity Supply Board International over P350 million to manage the turnaround process of the Botswana Power Corporation (BPC).

Two years ago, government announced it was finalising a deal to award ESBI a three-year management contract to oversee the turnaround of the loss-making power utility.

Addressing the media in Gaborone yesterday, the Minister of Minerals, Energy and Water Resources, Kitso Mokaila said the contract offer was withdrawn with government now preferring to appoint a new management team.

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