Govt to `top up` BPC shortfall

source: Mmegi
Staff Writer

Government will have to inject fresh capital into cash-strapped Botswana Power Corporation (BPC) after passing a “lower” 30 percent tariff increase instead of 55 percent which would have taken the power utility back to a healthy financial position.

Announcing the average 30 percent increase in power tariffs in Gaborone last week, the Minister of Minerals, Energy and Water Resources, Ponatshego Kedikilwe, said the BPC has been registering operating losses for the past four years and there is need for the Corporation to sustain its operations.

The minister said that although the 30 percent increase effective May 1, will go a long way in trying to raise financial resources for the struggling power utility, Government will still need to inject some cash into [continue reading]


%d bloggers like this: