Morupule B aftertaste sours China�s new push into African energy (Pt I)
Friday, August 18, 2017
In recent weeks, the Botswana Power Corporation (BPC), the state-owned electricity utility, has been at the centre of activity in the procurement sector, with the release of two eagerly awaited Requests for Expressions of Interest (REOI).
The first, an REOI for the establishment of a joint Venture with the BPC towards a 100-megawatt solar power facility, was inundated with bidders, receiving 166 responses from across the globe within the few weeks it was open. Chinese companies dominated the list.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...