Norwegian firm raises P650m for Phikwe solar
Friday, June 30, 2023 | 510 Views |
![Sun-powered: The Phikwe project is the closest to construction amongst the country’s planned mega-renewables PIC: PHATSIMO KAPENG](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/06/30/78350.jpg&w=800&q=72&f=jpg&t=1)
Sun-powered: The Phikwe project is the closest to construction amongst the country’s planned mega-renewables PIC: PHATSIMO KAPENG
The Norwegian firm won a highly contested tender for the contract in August 2021 and has since been mobilising funding to the tune of $49 million (P658m) required for the plant, which will be the country’s single largest renewable project to date.
The project is being done on an Independent Power Producer (IPP) basis, where Scatec will bear the costs of building, running, and maintaining the plant with the Botswana Power Corporation (BPC) purchasing the power under a 25-year agreement.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...