Botswana and Namibia sign MoI for 5000MWp solar power project
Botswana and Namibia sign MoI for 5000MWp solar power project
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Botswana and Namibia have signed a Memorandum of Intent (MoI) via video conference with several financial partnerships, including the African Development Bank (AfDB), the International Finance Corporation (IFC), the International Bank for Reconstruction and Development (Bird) and the US government’s Power Africa; for the construction of a 5000MWp solar power complex at the border between Namibia and Botswana.
This agreement and the one that was signed earlier also via video conference, will allow the pre-feasibility studies for this clean energy mega-project to begin. The pre-feasibility studies are estimated to cost around US $1.8m. According to Botswana’s Deputy Permanent Secretary for Mineral Resources, Energy Security and Green Technology, Nchena Mothebe, financial partners joining the project are expected to contribute to the funding of these studies, which will help estimate the overall cost of the mega-project.