{"id":5564,"date":"2022-04-18T18:23:04","date_gmt":"2022-04-18T18:23:04","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/clean-energy-push-could-threaten-tshele-hills-funding"},"modified":"2022-04-18T19:56:29","modified_gmt":"2022-04-18T19:56:29","slug":"clean-energy-push-could-threaten-tshele-hills-funding","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/clean-energy-push-could-threaten-tshele-hills-funding","title":{"rendered":"Clean energy push could threaten Tshele Hills\u2019 funding"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>The much-anticipated Tshele Hills fuel storage project might face funding challenges, according to an official from the Department of Energy.<\/b><\/p>\n

The 171 million-litres Tshele Hills storage project aims to increase the country\u2019s strategic oil reserves from the current 18 to 60 days of supply without additional inflows of fuel.<\/p>\n

The long-delayed project is among a group of investments at the top of government\u2019s renewed push for Public Private Partnerships (PPP).<\/p>\n

However, with the world moving away from any projects that may worsen carbon emissions, funding for the project is expected to be difficult to source.<\/p>\n

\u201cI do not know if international financial institutions will be very keen to run with the project because it is an oil project,\u201d senior energy engineer at the Department of Energy Affairs, Baruti Regoeng said. \u201cAn oil project has a carbon footprint. \u201cThe project is a precarious situation, but we are just waiting to see what will happen.\u201d<\/p>\n

Regoeng was among the speakers at the recent Mining, Manufacturing and Construction Seminar in Francistown. Government is currently on the lookout for investors for the project which is expected to cost slightly over P3 billion.<\/p>\n

When the idea to construct the Tshele facility was initiated, government planned to spearhead the funding and construction. The Kgatleng District project was initially financed through the National Petroleum Fund, but the latter\u2019s depletion partly by an alleged money-laundering scandal, sent authorities scrambling for funds to finalise the project.<\/p>\n

In 2019, government diverted P2.25 billion of the Botswana Power Corporation funds to the project. Originally conceived in 2012, the Tshele Hills project was due to have been completed by December 2020, to improve the country\u2019s fuel supply security.<\/p>\n

Botswana is already feeling the brunt of financial lenders who are shying away from funding energy generation that is not environmentally friendly. Last year, Maatla Energy pulled out from bidding to construct a 300MW coal-fired plant in the country. The company indicated that gaining access to funds for the project would not be easy as funders have adopted tighter restrictions on funding projects that have a high carbon footprint.<\/p>\n

At the seminar, Regoeng revealed that government was progressing well with other fuel storage projects in Gantsi and Francistown.<\/p>\n

\u201cDuring the current financial year, government will float a tender for the construction of the Gantsi facility,\u201d he said.<\/p>\n

Construction of the Gantsi depot, which will have a capacity of 20 million litres, will cost the government P300 million. The expansion of the Francistown fuel depot will cost P600 million, raising capacity from 30 million litres to 95 million litres.<\/p>\n

A Botswana Oil official recently stated that the Francistown project will take off during the current financial year.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. The much-anticipated Tshele Hills fuel storage project might face funding challenges, according to an official from the Department of Energy. The 171 million-litres Tshele Hills storage project aims to increase the country\u2019s strategic oil reserves from the current 18 to 60 days of supply without additional inflows of fuel. The long-delayed project […]<\/p>\n","protected":false},"author":84,"featured_media":5563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,237,234],"class_list":["post-5564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nClean energy push could threaten Tshele Hills\u2019 funding - Botswana<\/title>\n<meta name=\"description\" content=\"The much-anticipated Tshele Hills fuel storage project might face funding challenges, according to an official from t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/clean-energy-push-could-threaten-tshele-hills-funding\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clean energy push could threaten Tshele Hills\u2019 funding\" \/>\n<meta property=\"og:description\" content=\"The much-anticipated Tshele Hills fuel storage project might face funding challenges, according to an official from t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/clean-energy-push-could-threaten-tshele-hills-funding\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-18T18:23:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-18T19:56:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/04\/img-625dc253c5194.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/clean-energy-push-could-threaten-tshele-hills-funding#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/clean-energy-push-could-threaten-tshele-hills-funding\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Clean energy push could threaten Tshele Hills\u2019 funding\",\"datePublished\":\"2022-04-18T18:23:04+00:00\",\"dateModified\":\"2022-04-18T19:56:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/clean-energy-push-could-threaten-tshele-hills-funding\"},\"wordCount\":457,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/clean-energy-push-could-threaten-tshele-hills-funding#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/04\/img-625dc253c5194.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/clean-energy-push-could-threaten-tshele-hills-funding#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/clean-energy-push-could-threaten-tshele-hills-funding\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/clean-energy-push-could-threaten-tshele-hills-funding\",\"name\":\"Clean energy push could threaten Tshele Hills\u2019 funding - 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