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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
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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