Lack of funding collapsed BPC�s Lesedi Project

Friday, November 03, 2017

Botswana Power Corporation’s (BPC) renewable energy subsidiary, Lesedi Project collapsed due to lack of funding, the corporation’s chief executive officer (CEO) Dr Stefan Schwarzfischer has said.

“The project collapsed due to lack of funding, because sometimes you sign an agreement and once you do, then an independent power producer or project developer needs to establish the financing and if he fails, the whole project collapses,” he said.

The Lesedi Project was liquidated two years ago and the corporation re-called the franchising business model for review stating that it failed to generate profits and sustain itself.

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Lack of funding collapsed BPC�s Lesedi Project

Botswana Power Corporation’s (BPC) renewable energy subsidiary, Lesedi Project collapsed due to lack of funding, the corporation’s chief executive officer (CEO) Dr Stefan Schwarzfischer has said.

The audacity to be a unicorn

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