Japanese firm to buy stake in Mmamabula Project

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The P39 billion Mmamabula Energy Project got a shot in the arm this week when a new partner, Japan's Sumitomo Corporation, agreed to buy a 20 percent equity stake in the venture in which the Japanese will also inject both fresh financial and human capital.

Canadian-listed CICC Energy and Britain's International Power (IPR) previously held a 50 percent stake in the coal mine and thermal power station project each.

The plant, which is expected to begin operations in 2012, will supply electricity to the Botswana Power Corporation and Eskom of South Africa through long-term purchase agreements.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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