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Will a 100 MW solar plant be built in Botswana?

State-owned Botswana Power Corp. has signed a power purchase agreement with a consortium of Chinese enterprises and other companies to construct a 100 MW solar plant in southern Botswana. The project is expected to start generation by the end of 2025.

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 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).

Where will Scatec power plants be built?

Construction and operation of the power plants will be managed by Scatec’s organisation in South Africa. “As we reach another milestone in our renewable energy journey in Botswana, we are now looking forward to starting construction of the largest solar project in the country.

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 long will Botswana Power Plant last?

The deal involves an engineering, procurement and construction contract, with operation and maintenance of the power plant for 25 years. The facility is expected to start generation by the end of 2025. Botswana ’s President, Mokgweetsi Masisi, said the project is a key milestone in the country's energy transition.