• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    African Development Bank and Google Signs Agreement on Digital Transformation
    Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed
    Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing
    Malawi’s Financial Market Dealers Association has advised the Reserve Bank of Malawi to latch Fissures in the Forex Market
    $5 Billion has been committed by the African Petroleum Producers Organization for the Establishment of the African Energy Bank
    $20 Million has been endorsed by the AfFB to enhance the business to strengthen investments for Climate-Smart Agriculture in Mozambique AfDB Divulged
    Nigeria’s Telecom Contribution to the Gross Domestic Product (GDP) Hits 16 per cent in the Second Quarter of 2023- report
    Philip Mpango Vice President of Tanzania called for a Global Partnership to address the existing Demographic Emergency
    Dr. Akinwumi Adesina President of the AfDB raised an eyebrow at the Improvement to Failing Global Financial Architecture
    N125 billion hoisted by MTN Nigeria through Commercial Paper Issuance by way to improve its Financing Alternatives

    Botswana has held up exertions towards Large-scale Adoption of Renewable Energy

    Posted On 07 Jul 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 8

    By Abdul Rahman Bangura–

    Photo Credit: Climate action

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Botswana’s energy regulator has approved a generation license for a 100MW solar project to the local firm – Shumba Energy, a firm executive told on July 05th, 2021 bringing in as the primary independent power producer to set up a large-scale solar plant in the country.

    From statistics given by the Department of Energy, is calculated at 681MW, anticipated to thrive to 1017MW by 2025. The escalation in the cost of imported electricity bonded with high power shortages in the 2000s has urged the administration of Botswana to reconsider its conclusion of highly depending on imports to assure the security of supply and nevertheless retain the least-cost theory.

    Botswana accomplishes not presently have large-scale solar power generation and its 600MW national energy need is fulfilled by state-owned coal-fired plants and imports, largely from South Africa and Mozambique. Locally-listed Shumba Energy plans to implement the project in two stages with the construction of the first level of 50MW
    plausible to commence in the following six months.

    “With all the permits now in place, we are now working on concluding the funding, with capital expenditure estimated at $80 million for the whole project,” Managing Director Mashale Phumaphi noted.

    Botswana has 212 billion tons of coal stocks and the fossil fuel is anticipated to proceed to lead power generation in the nation in the immediate possibility, pundits have asserted. Nonetheless, investors have frequently put forward skepticisms about the huge dependency of African nations on coal-based power plants that divulge millions of tons of carbon into the atmosphere.

    The diamond-rich nation, whose frugality has leased by near to 8% from a growth rate of up to 4% before diamond-rich plans to increase the share of renewables in its energy mix to 18% by 2030. Botswana has some of the highest levels of direct normal (solar) irradiation (DNI) – a measure of the amount of sunlight – at over 3,000 kWh/m2 per
    annum, according to Solargis.com, a global agency on solar data.

    Phumaphi let out the solar project had not approved any power off-take approvals but will regulate as a merchant power producer feeding into the Southern African Power Pool (SAPP).

    State-owned Botswana Power Corporation (BPC) is currently the sole electricity producer in Botswana.

     

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Mozambique Receives Support from Africa Development Bank to Boost Local Content and Small Medium-Size Enterprise Development

    Next Story

    African Development Bank (AfDB) pioneered new strategy on Geyser the Multilateral lender announced

    8 Comments

    1. Martin July 7, 2021 at 3:45 am Reply

      Botswana’s large scale adoption of renewable energy is very good. Thank you for the report. Windhoek NAMIBIA. Martin

      • New Africa Business News, Staff Correspondent July 7, 2021 at 3:55 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Samuel July 7, 2021 at 3:48 am Reply

      I love it. Africa is leading in renewable energy. Good for us and the continent. And the planet. Samuel in Lusaka Zambia

      • New Africa Business News, Staff Correspondent July 7, 2021 at 3:55 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Henry July 7, 2021 at 3:51 am Reply

      Thank you for this report. Renewable revolution is going great in our great Continent. Don’t you love it? I bet you do. Henry in Nairobi Kenya

      • New Africa Business News, Staff Correspondent July 7, 2021 at 3:55 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Ben July 7, 2021 at 3:53 am Reply

      Thank you for the newsletters. You guys are doing beautiful job. Ben in Berlin, Germany

      • New Africa Business News, Staff Correspondent July 7, 2021 at 3:54 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    African Development Bank and Google Signs Agreement on Digital Transformation

    Posted On 28 Sep 2023

    Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed

    Posted On 27 Sep 2023

    Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing

    Posted On 26 Sep 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    African Development Bank and Google Signs Agreement on Digital Transformation

    Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed

    Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing

    Recent Posts

    • African Development Bank and Google Signs Agreement on Digital Transformation
    • Contemporary Leadership in Nigeria’s Central Bank will enable to revive Confidence in Nigeria’s Banknotes Tony Elumelu disclosed
    • Afreximbank exhorted African Nations to give Premium to Export Trading Companies to strengthen Small Medium Enterprises in International Marketing
    • Malawi’s Financial Market Dealers Association has advised the Reserve Bank of Malawi to latch Fissures in the Forex Market
    • $5 Billion has been committed by the African Petroleum Producers Organization for the Establishment of the African Energy Bank

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.