World Bank, AfDB pledge support as gov't launches $3bn electricity plan

Tuesday, October 21, 2025 | 190 Views |

GREEN ENERGY: The Botswana Energy Compact seeks to expand renewable energy generation to 50% of national demand by 2030 PIC.GLOBALENCO.COM

The World Bank and the African Development Bank (AfDB) have pledged financial and technical support for the Botswana Energy Compact, the government’s $2.98 billion plan to achieve universal electricity access by 2030.

The energy compact is expected to spend between $2.06 billion and $2.98 billion towards new energy generation comprising mainly solar and wind, regional transmission connections for power trade, clean cooking technologies and support to the Botswana Power Corporation.

The public sector will finance $1.4 billion of the financing required, whilst the balance will be sought through the private sector and development finance institutions.

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World Bank, AfDB pledge support as gov't launches $3bn electricity plan

The World Bank and the African Development Bank (AfDB) have pledged financial and technical support for the Botswana Energy Compact, the government’s $2.98 billion plan to achieve universal electricity access by 2030.

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