Africa-Press – Botswana. President Duma Boko announced in Parliament that the Sovereign Wealth Fund of Oman, through the Oman Investment Authority (OIA), will finance a 500MW solar and battery storage project in Botswana. The announcement follows President Boko’s recent visit to Oman and marks a major step in Botswana’s renewable energy expansion.
The OIA delegation is scheduled to arrive in Botswana on 26 November 2025 to officially commence the project rollout. President Boko stated that the initiative will focus on developments in Maun and Letlhakane.
“This initiative will significantly reduce the cost of electricity production. As a result, electricity prices for consumers will go down, the base-load grid will be stabilized, and government subsidies to the Botswana Power Corporation (BPC) will no longer be necessary,” he said.
Currently, the government provides around $75 million annually in subsidies to BPC. President Boko explained that the project will eliminate the need for these payments and position BPC to become profitable. “This partnership will not only save the government money but also strengthen BPC’s financial position, ensuring sustainability and energy security for our country,” he emphasized.
The project is expected to enhance Botswana’s energy infrastructure, increase renewable energy capacity, and provide long-term financial and operational stability for BPC. With the backing of OIA, the 500MW solar and battery storage development represents a significant move toward affordable, sustainable, and secure electricity for the nation. The investment aligns with Botswana’s broader goals of reducing energy costs, stabilizing the national grid, and promoting renewable energy adoption while fostering government-to-government collaboration with Oman.
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