BPC to ink 100MW solar deal by November
Friday, May 29, 2020
The corporation’s efforts around solar date back 14 years to agreements made with the United Nations Development Programme (UNDP) towards reducing the country’s dependence on fossil fuels.
From an initial plan to develop 200MW, the attempts have scaled down over the years to the current outstanding tender for Independent Power Producers (IPP) to develop 2 x 50MW solar capacity.
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...