Asian JV wins P8.1bn Morupule B expansion tender

Tuesday, December 01, 2015

Morupule B Power Station project will be solely funded by the developers

SHENZHEN, CHINA: A joint venture between Japan’s Marubeni and South Korean, Posco Energy has been named the preferred bidder to expand the Morupule B Power Station by a further 300MW at a cost of $800 million (P8.1billion).

Construction of what would be Botswana’s maiden project under the Independent Power Producer (IPP) model is expected to start late next year with the first electricity seen kicking into the national grid by May 2020.

In a statement released yesterday, the two firms say they will jointly design, finance and construct two 150MW circulating fluidised bed coal-fired units and then operate and maintain the plant for 30 years.

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