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How will Botswana Power Projects be implemented?

These projects, with a combined capacity of 1.5GW, will be implemented through private sector investment, with the Botswana Power Corporation (BPC) acting as the offtaker under long-term Power Purchase Agreements (PPAs) of up to 25 years.

How will solar power plants be financed in Botswana?

The solar power plants are estimated to be financed by BWP 936 million (USD 68 million) of non-recourse project debt and equity from Scatec. Financing for the first 60 MW will be provided by the Rand Merchant Bank in Botswana and the World Bank’s International Finance Corporation (IFC).

How will Scatec power plant work in Botswana?

The power plant is Scatec’s first in Botswana and will generate predictable revenues from a 25-year power purchase agreement (PPA) with Botswana Power Corporation, the national utility. The remaining 60 MW of the project is currently under construction and is expected to be completed in the beginning of 2026.

How much shareholding does Botswana need to invest in solar?

“Utility-scale projects by foreign private sector entities require at least 40% mandatory shareholding by Botswana citizen-owned companies. However, small-scale solar PV investments are reserved for 100% citizen-owned companies,” Kenewendo added.

Who will finance the first 60 MW project in Botswana?

Financing for the first 60 MW will be provided by the Rand Merchant Bank in Botswana and the World Bank’s International Finance Corporation (IFC). Scatec owns 100% of the project and will be the designated engineering, procurement, and construction (EPC) company, as well as asset manager (AM) and operations and maintenance (O&M) service provider.

How will the World Bank support Botswana?

“The World Bank is pleased to support Botswana’s commitment to expand domestic energy generation with renewable solutions. In addition to financing, the World Bank will provide technical assistance to facilitate further renewable energy projects.