{"id":66322,"date":"2025-04-01T07:54:21","date_gmt":"2025-04-01T07:54:21","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/parliament-supports-renewable-energy-loan-bill"},"modified":"2025-04-01T07:54:21","modified_gmt":"2025-04-01T07:54:21","slug":"parliament-supports-renewable-energy-loan-bill","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/parliament-supports-renewable-energy-loan-bill","title":{"rendered":"Parliament Supports Renewable Energy Loan Bill"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>Parliament has on Thursday authorised government to source a loan not exceeding P1.2 billion (US$ 88 million) from the International Bank for Reconstruction and Development (IBRD).<\/b><\/p>\n<p>This was after the Vice President and Minister of Finance, Mr Ndaba Gaolathe presented the Botswana Renewable Energy Support and Access Accelerator Project Loan Bill before Parliament, motivating for the financing of renewable energy grid integration to improve electricity provision in selected rural areas.<\/p>\n<p>Mr Gaolathe revealed that his ministry had approached IBRD as well as the Green Climate Fund for a loan facility and grant to finance renewable energy support.<\/p>\n<p>He said Botswana was a country well endowed with excellent solar and wind resources, which he said offered the promising opportunity for clean and affordable electricity generation.<\/p>\n<p>\u201cRecognising this potential, the country has set ambitious targets to diversify domestic electricity production through renewable energy resources.<\/p>\n<p>These policy advancements demonstrate that Botswana is committed to sustainable energy development, reducing reliance on fossil fuels and enhancing energy security through a clean, resilient energy mix,\u201d Mr Gaolathe said.<\/p>\n<p>He further said this was also in line with government\u2019s ambition to reduce electricity costs by 30 per cent, with the transition towards renewable energy enhancing affordability, improve energy security and drive long term economic benefits for the country.<\/p>\n<p>Mr Gaolathe said the country was determined to address its energy constraints, which he said had been primarily caused by the under performance of Morupule B coal fired power station. \u201cCurrently, Botswana\u2019s electricity generation is highly reliant on two coal fired power stations, Morupule A and Morupule B.<\/p>\n<p>As of 2021, Botswana\u2019s total installed electricity generation capacity stood at 892 MW compared to a peak demand of 627 MW. Since it\u2019s commissioning in 2012, Morupule B has faced persistent operational challenges, preventing the station from operating at full capacity,\u201d Mr Gaolathe said.<\/p>\n<p>He explained that as a result of unreliable power supply from Morupule B, Botswana had to import electricity from neighbouring countries at a premium price, exacerbated by regional power generation deficit. \u201cThis situation underscores the critical need for energy diversification, driving the government\u2019s commitment to accelerating renewable energy adoption in enhancing the country\u2019s energy security,\u201d Mr Gaolathe said.<\/p>\n<p>He said government was working on rehabilitating and upgrading the country\u2019s electricity network, including in border villages that had previously relied on cross border electricity supply from South Africa.<\/p>\n<p>\u201cElectrification projects are progressing at different stages across affected districts. In Kgatleng, infrastructure upgrades were successfully completed in 2024 ensuring greater energy independence.<\/p>\n<p>Meanwhile in Kgalagadi, feasibility studies and planning are ongoing to determine the best solutions for improving power supply in the region,\u201d Mr Gaolathe said.<\/p>\n<p>He said this reflected government\u2019s commitment to strengthening national energy security, reducing dependence on external power sources and ensuring stable electricity supply for all communities.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Botswana<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. Parliament has on Thursday authorised government to source a loan not exceeding P1.2 billion (US$ 88 million) from the International Bank for Reconstruction and Development (IBRD). This was after the Vice President and Minister of Finance, Mr Ndaba Gaolathe presented the Botswana Renewable Energy Support and Access Accelerator Project Loan Bill before [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":66321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[234],"class_list":["post-66322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Parliament Supports Renewable Energy Loan Bill - Botswana<\/title>\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\/parliament-supports-renewable-energy-loan-bill\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parliament Supports Renewable Energy Loan Bill\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Botswana. Parliament has on Thursday authorised government to source a loan not exceeding P1.2 billion (US$ 88 million) from the International Bank for Reconstruction and Development (IBRD). 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