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Gov’t confident as P30bn synfuels project gathers pace

Resurgent: Operations at Morupule Coal Mine. The mineral is back in favour as the world faces an energy crunch 
PIC: MORERI SEJAKGOMO
Resurgent: Operations at Morupule Coal Mine. The mineral is back in favour as the world faces an energy crunch PIC: MORERI SEJAKGOMO

Government is confident of securing private capital for the $2.5 billion (P30 billion) coal-to-liquids project, with Minerals and Energy minister, Lefoko Moagi saying investors who had blacklisted the fossil fuels were walking back their positions.

Known as Ikaegeng XTL (Coal-to-Liquid), the ambitious synfuels project aims to use the billions of tonnes of coal lying untapped in the country to produce various petroleum fuel products for domestic use.

Botswana Oil expects that the envisaged plant could produce 12,000 barrels of oil per day or up to 80% of the country’s annual fuel demand of 1.2 billion litres.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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