Archive for May 26th, 2007

source: BOPA
25 May, 2007

MAUN – For a village to attain town status, it should have a minimum population of 5 000 and at least 75 per cent of its labour force should be engaged in non-agricultural employment.

A letter from the Department of Local Government and Development read to the full meeting of the North West District Council says the declaration shall be preceded by consultation with inhabitants on particular issues of cost recovery policy and other impacts.

The letter, read by the Council Secretary, Mr Paulos Nkoni, follows a motion by nominated councillor, Mr Gopolang Mokotedi, who had tabled a motion requesting the Ministry of Lands and Housing to declare Maun a town.

The council is therefore adviced to provide a detailed justification in line with the above guidance to enable the ministry to make an informed decision on the matter, the leads read.

Another motion, which was tabled by Cllr Galaletsang Mhapha of Kgosing had requested the Ministry of Health to explain if indeed male circumcision can be a tool used to combat the spread of HIV/AIDS virus.

In response the ministry says there is evidence from international research that HIV transmission could be reduced from a woman to a man by 60 percent if the man is circumcised.

However, the ministry says a guiding policy is still under consideration on how to implement such research findings.

Councillors had also requested the Ministry of Lands and Housing to review the law which [continue reading]

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source: BOPA
25 May, 2007

GABORONE – Mmamabula Energy Project (MEP) looks set to change the countrys economic and social outlook with small villages in the Central District likely to blossom into urban centres.
Speaking during a press briefing here on Wednesday, CIC Energy Chief Executive Officer, Mr Gregory Kinross, said local communities have been consulted about the opportunities presented by the project including employment and secondary opportunities.

Development of a mine and power plant by CIC Energy and International Power, will become Botswanas major project, in terms of capital and human resources, with US$6 billion (P36 billion) budgeted for the first phase alone.

The project is wholly funded by CIC Energy, which is a division of Tau Group of Companies, and it is the first private power plant in Southern Africa and International Power.

Construction of the first phase comprising development of a mine and a power station is expected to start early next year and it will take four years to complete, and generation of electricity is expected to start in 2012.

Mr Kinross said the project will create over 6 000 jobs during the construction phase, not including additional demand for goods and services.

Once the project is operational, approximately 1 350 jobs are expected to be created at the power plant and mine alone.

The CIC Energy CEO said employment of Batswana will be priority for the MEP, and training will be provided to locals to build special skills needed to operate and maintain a world-class power plant and coal mine.

Mr Kinross and his management team emphasized that the company has a training and [continue reading]

source: Bloomberg.com
By Joseph Balise and Stewart Bailey

May 25 (Bloomberg) — CIC Energy Corp. may sell a stake in a planned $5.9 billion power project in Botswana to a Japanese partner to access funding from the state-owned Japan Bank for International Cooperation.

CIC, based in Toronto, and International Power Plc expect to start developing the Mmamabula coal mine and power plant early next year, said CIC Chief Executive Officer Greg Kinross.

“A third Japanese equity partner may eventually join CIC and IPR in order to access attractive Japanese Bank for International Cooperation financing,” Kinross said told journalists today in Gaborone, Botswana’s capital. He didn’t name the potential Japanese partner.

CIC and International Power will exploit a power shortage in southern Africa and the desire of Botswana, the world’s largest diamond producer, to diversify its economy. Most of the power will be sold to South Africa’s state-owned Eskom Holdings Ltd. under a 40-year contract.

Negotiations for the sale of power to Eskom and state-owned Botswana Power Corp. are “advancing well,” Kinross said.

CIC’s stock has more than doubled over the past year, giving it a market value of C$691 million ($636.5 million).

The Mmamabula plant is expected to start generating electricity in July 2012, Kinross said, later than the original planned start-up in 2011. That’s a year after the adjoining mine, which will supply the plant with as much as 9 million tons of coal a year, starts production, he added.¬† [source:boolmberg.com]