10 Nov 2025

Government has signed a strategic partnership with international investors to boost energy security.

The country, through Ministry of Minerals and Energy has partnered with Thirty-Five Global Links, Mercuria Asia Holdings, Ulsan Holdings and Innovation Global Industries to ensure a sustainable, realiable and affordable electricity supply for Batswana and modernise infrastructure.

Speaking after the signing of the Memorandum of Understanding on November 6, President Advocate Duma Boko said the partnership marked a major step of advancement in the country’s quest to grow the economy and attract foreign direct investment at a scale that would raise more than P40 billion (US$3 billion) and eventually reach over P74 billion (US$ 5.5 billion).

He said the collaboration aimed to ensure sustainable, reliable and affordable energy for all, while improving efficiency in the energy and infrastructure sectors. The project includes investment in transmission infrastructure and interconnectors to facilitate power exports to Zambia and beyond.

President Boko said Botswana could save P3 billion regularly by reducing power imports, and once self-sufficient, generate 750 megawatts for export. The initiative is also expected to lower electricity costs, phase out government subsidies worth over P1 billion (US$75 million) annually, and boost economic productivity.

“Removal of the subsidy is not throwing the nation under the bus. When we reduce the cost of power to such an extent that BPC can still sell it profitably within reasonable bounds, it will make it unnecessary therefore for government to provide any subsidy.” 

The partnership will also address operational challenges at Morupule A and B power stations. Morupule A’s lifespan will be extended by up to 15 years, while Morupule B will undergo refurbishment to operate at above 95 per cent efficiency, generating about 600MW.

President Boko said the deployment of world-class technology would promote skills transfer and strengthen Botswana’s capacity to generate its own power, laying the foundation for sustainable economic growth. ENDS