Govt shaves P2.3bn from BPC subsidy fund

The Tshele Hill project will enhance strategic fuel security
The Tshele Hill project will enhance strategic fuel security

The Botswana Power Corporation (BPC) will have a smaller cushion for any upcoming shortfalls in its finances, after government cut P2.25 billion from its NDP 11 allocation for subsidies.

The funds from the BPC have, instead, been diverted to the Tshele Hills project, which seeks to boost national strategic oil capacity.

While the Kgatleng district project was initially financed through the National Petroleum Fund (NPF), the latter’s depletion, partly by a money laundering scandal, has sent authorities scrambling for funds to finalise the project.

Editor's Comment
Refrain from risky behaviours

After long spells of dryness and high temperatures, it is important to celebrate the torrential rains with caution and reasonableness especially when all indications suggest that the rains are not going to stop anytime soon, especially in the northern parts of the country.We want to encourage both the young and the old to refrain from any risky behaviour during this rainy season.Batswana need to be on red alert and not take chances during the...

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