In a statement this afternoon, the firm said the power plant will generate predictable revenues from a 25-year Power Purchase Agreement (PPA) with the Botswana Power Corporation. Scatec owns 100% of the project, but expects to reduce its long-term economic interest by inviting additional equity partners. “We are very proud to achieve commercial operation date for the second phase of the solar power plant portfolio within budget and ahead of schedule, reinforcing our commitment to advancing renewable energy in the region,” said CEO Scatec Terje Pilskog.
“This is an important first step for Botswana, that holds a significant potential for deployment of competitive and reliable renewable energy to support economic development.” The heartbreaking reports carried elsewhere on this publication of a woman killed in Metsimotlhabe and four family members perishing near Metsimaswaana Bridge are, devastatingly, not isolated incidents. They represent the sharp, painful tip of a weekend that has seen far too many collisions, injuries, and losses on the roads. This alarming spike in fatalities is a screaming siren we cannot ignore. It compels a direct and urgent plea to every…
