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Article: Botswana: Botswana, Nigeria And Cape Verde Secure U.S. $ 441 Million for Energy And Poverty Reduction Projects.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 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)
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Byline: shiv03
Botswana Under the approvals, Botswana will receive a153 million (USD 225 million) to finance the Morupule B Power Project, which involves the construction of a 600 MW (4 x 150 MW) coal-fired power plant and associated transmission infrastructure. The project, to be co-financed by the World Bank, the Industrial and Commercial Bank of China and Standard Bank Consortium (ICBC-SB), is designed to achieve energy generation self-sufficiency in the wake of rapidly declining electricity imports to support economic growth and reduce poverty.
Botswana relies on imported electricity to meet the bulk of its needs. In 2008, 80% of the electricity ...