Market study due for 5GW solar project
Friday, May 17, 2024 | 590 Views |
Going green: The mega-solar project has received support from President Joe Biden PIC: SHUTTERSTOCK
The mega solar project will be Southern Africa’s largest solar power project and the first of its kind on the continent, involving collaboration between two countries and multiple continental and international agencies and partners.
Botswana, Namibia, the African Development Bank (AfDB), as well as the International Finance Corporation and the International Bank for Reconstruction and Development, signed a Memorandum of Intent towards the project in April 2021. The deal is underpinned by Power Africa, a US government entity aimed at boosting electricity investment in Africa and has also received public endorsement by President Joe Biden.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...