Shumba Energy secures first investors for P800m solar project

On Tuesday, Shumba Energy managing director, Mashale Phumaphi told BusinessWeek the company expected to finalise funding of the P800 million by the second quarter of next year, leveraging on the renewed global interest in renewables following commitments made recently at the Glasgow climate conference.

The Tati plant, which will sit on a 300-hectare area near Francistown, will target the Southern African Power Pool (SAPP), the region’s common marketplace for electricity.