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
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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