Thousands targeted in BPC's 'French Connection'

Thursday, July 15, 2010

The world's largest utility company, Electricite de France (EDF), has purchased equity in BPC Lesedi, the Botswana Power Corporation's wholly-owned subsidiary tasked with rolling out renewable energy and other off-grid initiatives.

This morning, BPC and EDF chief executives are expected to sign shareholder and share purchase agreements, confirming the French equity in BPC Lesedi. Botswana's Minister of Minerals, Energy and Water Resources, Ponatshego Kedikilwe and the French Ambassador to Botswana Genevieve Iancu will witness the signing ceremony.

The BPC's Rural Electrification Coordinator, Masego Kealotswe, told Mmegi yesterday that funds from the equity uptake will be used to advance BPC Lesedi's various renewable energy and off-grid initiatives.

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