Morupule B funding goes before Parliament

Friday, March 12, 2010

Following a groundbreaking ceremony for the P11 billion project last month, two bills seeking authorisation for the government to borrow approximately P2.4 billion from the World Bank and the African Development Bank to fund Morupule B Power Station are to come before Parliament soon.

The loans will complement the government's own commitments to the project.

In an atmosphere of severely reduced revenues, the Morupule B station is among a handful of projects the government has prioritised for development. Output from the ambitious project is expected in January 2012.

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Morupule B funding goes before Parliament

Following a groundbreaking ceremony for the P11 billion project last month, two bills seeking authorisation for the government to borrow approximately P2.4 billion from the World Bank and the African Development Bank to fund Morupule B Power Station are to come before Parliament soon.

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