Banks to drive P1.4 bn Morupule expansion
source: Mmegi
MBONGENI MGUNI
Staff Writer
Six local and South African banks have teamed up to provide the P1.4 billion required for the expansion of Morupule Colliery.
This comes amid reports that construction at the adjacent power station is moving ahead of schedule.
Morupule Colliery is expanding from one to three million tonnes of coal per year in order to meet increased demand from the Botswana Power Corporation (BPC)’s Morupule A and Morupule B power stations, which are presently under construction. When completed, Morupule A and B will pump out 820 megawatts, consuming 2.8 million tonnes of coal per annum. With development ongoing at the P11 billion Morupule B project, the commencement of [continue reading]
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