|
|
Article: Botswana: Botswana power project could top $10 bln.(Conference notes)
- Article from:
- TendersInfo
- Article date:
- June 5, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: pinto03
The African Development Bank said on Wednesday that the cost of Botswana's giant Mmamabula energy project could rise way above $10 billion from a previous estimate of $9.5 billion.
"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 megawatt power stations, is situated in southeast Botswana on the border with South Africa and ...