Professor Totolo demystifies science to inspire change It’s almost six years since Professor Otlogetswe Totolo was appointed Vice-Chancellor (VC) of the Botswana International University of Science and Technology (BIUST). Since then, a lot has happened in terms of infrastructure development and student enrolment numbers. Totolo, an Environmental Scientist who has held key senior positions at […]
GABORONE,
(CAJ News) – AN economic slump, magnified by the downgrading of Botswana’s long-term local and foreign currency ratings, has made it imperative for the government to diversify its revenue base and stop financial commitments that are draining state coffers.
Such obligations emptying the public purse include some state-owned enterprises (SOEs) beset by poor financial performance.
Botswana has more than 40 SOEs.
The Southern African country has suffered a major blow after the ratings agency, Moody’s, downgraded its long-term local and foreign currency ratings.
The downgrade is from A2 to A3.
“The downgrade to A3 reflects the deterioration in fiscal strength exacerbated by the shock induced by the coronavirus pandemic,” Moody’s explained.
Tlou plans carbon neutrality at CBM project
Tlou Energy intends to make its Lesedi power project carbon neutral, by growing vegetation around its Botswana site. 17/02/2021, 10:12 am
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Tlou Energy intends to make its Lesedi power project carbon neutral, by growing vegetation around its Botswana site.
The coal-bed methane (CBM) company intends to change “farm management practices to show an increase in standing biomass to claim credits”, general manager Solomon Rowland told Energy Voice.
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Tlou Energy Ltd is an ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the exploration and development of gas and solar. The Lesedi Power Project is the company s most advanced project with plans to develop gas and solar power generation assets with the sale of electricity into the regional power grid.
Project finance
The company is currently seeking funding for development of Lesedi. The project is proposed to be developed in two phases.
Phase one involves transmission line construction, transformers, grid connection, electricity generators and potentially the drilling of additional gas wells. The ~100 km transmission line will run from the Lesedi project to the town of Serowe where it will connect to the existing power grid. Initial generation is proposed to be up to 2 MW of electricity. Funding required for phase one is ~US$10 million which can be staged if necessary or prudent to do so.