Investors bemoan govt�s decision on Morupule B tender

Friday, October 07, 2016

Local investors lament they were sidelined in the Morupule B tender

A recent decision by government to directly award a tender for the construction of units 7 and 8 at Morupule B to a South Korea-based consortium came as a blow to Botswana’s own local companies, energy and coal firm, African Energy decries.

Government says it is currently in negotiations to use the direct appointment method to engage a joint venture between two South Korean firms, KEPCO and Daewoo, to construct Unit 7 and 8 at Morupule B.

In a statement, the Botswana Stock Exchange (BSE)- listed African Energy says the South Korean consortium has no operations in Botswana and has not previously invested anything in the country, while Botswana-based coal and energy companies have made considerable progress towards exploration and development of mines and power stations.

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Investors bemoan govt�s decision on Morupule B tender

A recent decision by government to directly award a tender for the construction of units 7 and 8 at Morupule B to a South Korea-based consortium came as a blow to Botswana’s own local companies, energy and coal firm, African Energy decries.