- Jindal has been selected to build a 300MW coal-fired power plant in Botswana.
- The facility is the only fossil fuel-based power plant that Botswana plans to procure in the next 20 years.
Jindal Steel & Power (JNSP), an Indian steel company, has been selected to build a 300MW coal-fired power plant in Botswana. The facility is the only fossil fuel-based power plant that Botswana plans to procure in the next 20 years. Botswana has an estimate of over 200 billion tonnes of coal resources.
Despite opposition to coal due to its environmental impact, the country is looking to monetise its coal resource to develop its economy. The Botswana Energy Ministry, In an official notice, said: “The contract is for the design, finance, construction, ownership, operation, maintenance and decommissioning at the end of its economic life.” This coal mine would supply the export market and the planned coal power plant.
Jindal will be responsible for financing the power plant’s construction and recovering its investments from selling power to the Botswana Power Corporation (BPC) under terms agreed upon by the two firms.