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Why Invest?
Why Invest?
- Exciting Energy Potential – Serowe CBM Project; ~2.4tcf; existing grid network for renewables.
- Exploration programme completion of 11 wells independently certified gross estimated resource increased to 454bcf and prospective resource to ~7,112tcf.
- Proposed 500MW solar power station, environmental approvals progressing; gas provides stability; 1,550hct land.
- Tendering to supply gas to existing 90MW Orapa Power Station; Botswana Power Corp.; decision Q2/2022.
- Significant Work Programme – Commercial pilot programme planned for 2024
- Additional exploration wells have been drilled.
- Substantial energy demand – Botswana wants to become energy independent by developing its own energy resources and reducing emissions.
- Government support – Botala’s CBM will contribute to energy independence; create new industries and generate opportunities and employment.
- Transition to Renewables – CBM will provide reliable baseloads for investments in renewable energy infrastructure.
- Market – Existing domestic market with potential to export energy to neighbouring countries.
Botswana:
- Africa’s No.1 – Africa’s most attractive jurisdiction and the most appealing to mining Growing demand for industrial and domestic electricity to provide transition to renewables that can be generated from its extensive, undeveloped CBM potential.
- Proactively encouraging investment in new industries to generate employment and diversification of its industrial base.
- Well educated population and willing workforce.
- Efficient and helpful government departments and agencies focussed on assisting industry and creating employment in a socially and environmentally sustainable manner.
- Wants self-sufficiency by reducing its reliance on South Africa, especially imported electricity.
- Good labour relationships. No South African style Black Economic Empowerment legislation.