Mmamabula power project costs could top $10bn - AfDB

The project costs have been going in one direction and that is upwards and so I personally won't be surprised if it ends up being higher than $10-billion, Tim Turner, director of private sector and microfinance development at the AfDB, told delegates at the World Economic Forum conference in Cape Town.

The project, which includes a coal mine and two 2, 500 MW power stations, is situated in southeast Botswana on the border with South Africa and was initially slated to cost around $6-billion (P38 billion).