{"id":77644,"date":"2025-11-07T16:06:59","date_gmt":"2025-11-07T16:06:59","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/oman-sovereign-wealth-fund-finances-botswana-solar-project"},"modified":"2025-11-07T16:46:49","modified_gmt":"2025-11-07T16:46:49","slug":"oman-sovereign-wealth-fund-finances-botswana-solar-project","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/oman-sovereign-wealth-fund-finances-botswana-solar-project","title":{"rendered":"Oman Sovereign Wealth Fund Finances Botswana Solar Project"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>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\u2019s recent visit to Oman and marks a major step in Botswana\u2019s renewable energy expansion.<\/b><\/p>\n<p>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.<\/p>\n<p>\u201cThis 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,\u201d he said.<\/p>\n<p>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. \u201cThis partnership will not only save the government money but also strengthen BPC\u2019s financial position, ensuring sustainability and energy security for our country,\u201d he emphasized.<\/p>\n<p>The project is expected to enhance Botswana\u2019s 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\u2019s broader goals of reducing energy costs, stabilizing the national grid, and promoting renewable energy adoption while fostering government-to-government collaboration with Oman.<\/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. 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\u2019s recent visit to Oman and marks a major step in Botswana\u2019s renewable energy expansion. The OIA delegation [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":77643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,244],"tags":[234],"class_list":["post-77644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","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>Oman Sovereign Wealth Fund Finances Botswana Solar Project - Botswana<\/title>\n<meta name=\"description\" content=\"President Duma Boko announced in Parliament that the Sovereign Wealth Fund of Oman, through the Oman Investment Autho ...\" \/>\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\/oman-sovereign-wealth-fund-finances-botswana-solar-project\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oman Sovereign Wealth Fund Finances Botswana Solar Project\" \/>\n<meta property=\"og:description\" content=\"President Duma Boko announced in Parliament that the Sovereign Wealth Fund of Oman, through the Oman Investment Autho ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/oman-sovereign-wealth-fund-finances-botswana-solar-project\" \/>\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=\"2025-11-07T16:06:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-07T16:46:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2025\/11\/sm_1762521367.424897.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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\/oman-sovereign-wealth-fund-finances-botswana-solar-project#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/oman-sovereign-wealth-fund-finances-botswana-solar-project\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oman Sovereign Wealth Fund Finances Botswana Solar Project\",\"datePublished\":\"2025-11-07T16:06:59+00:00\",\"dateModified\":\"2025-11-07T16:46:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/oman-sovereign-wealth-fund-finances-botswana-solar-project\"},\"wordCount\":275,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/oman-sovereign-wealth-fund-finances-botswana-solar-project#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2025\/11\/sm_1762521367.424897.jpg\",\"keywords\":[\"Botswana\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/oman-sovereign-wealth-fund-finances-botswana-solar-project#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/oman-sovereign-wealth-fund-finances-botswana-solar-project\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/oman-sovereign-wealth-fund-finances-botswana-solar-project\",\"name\":\"Oman Sovereign Wealth Fund Finances Botswana Solar Project - 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