Sese power plant to cost P15bn

Friday, June 12, 2015

Australian junior miner, African Energy in partnership with Canadian major, First Quantum Minerals (FQM) will invest as much as $1.5 billion (P15 billion) to develop an integrated project in the eastern district of Botswana.

The project comprises 600MW power station and a 2.5 million tonnes per annum coal mine.

Speaking at the 13th Resource Sector conference on Wednesday, African Energy managing director Fraser Tabeart said First Quantum is increasing its stake in the Sese Integrated Energy Project from 51 percent to 75 percent for a further $12 million investment.

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