Mmegi

Moody’s maintains BPC rating despite gov't downgrade

Regular irritant: Morupule B has faced breakdowns since its commissioning in 2012
Regular irritant: Morupule B has faced breakdowns since its commissioning in 2012

National power utility, Botswana Power Corporation (BPC), has narrowly held onto its investment-grade status after Moody’s Ratings affirmed its Baa3 credit rating, the lowest rank before 'junk' status.

BPC's credit rating withstood the sovereign downgrade on Botswana’s sovereign rating that was dropped over the weekend due to the country’s weakening fiscal position.

The outlook for BPC, however, remained negative with pressing worries over technical inefficiencies that continued to constrain power production at Morupule B. The 600MW plant has suffered frequent breakdowns since commissioning in 2012, due to design flaws and other weaknesses.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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