Turkish firm joins Botswana energy partnership to boost power supply

Botswana has entered a strategic energy partnership with four international investors, including Turkish company Ulsan Holding, to strengthen the country's energy security and modernize its electricity infrastructure. The agreement, signed at a ceremony in Gaborone, brings together Ulsan Holding, Thirty-Five Global Links, Mercuria Asia Holdings, and Innovation Global Industries as long-term partners in Botswana's effort to reduce dependence on imported power.

Addressing Energy Deficit

President Duma Boko acknowledged Botswana's significant electricity shortfall, stating "we are net an importer of electricity" and emphasizing the necessity of international partnerships to supplement domestic generation. The collaboration will progress to a coal-to-liquid phase enabling domestic production of fuel, diesel, and petroleum byproducts, reducing import dependency while creating export opportunities.

Infrastructure Rehabilitation and Renewable Goals

Minister of Minerals and Energy Bogolo Joy Kenewendo outlined plans to achieve a 50-50 generation mix between coal and renewables by 2030, prioritizing rehabilitation of the Morupule A and B power stations to enhance reliability over the next decade. She described the partnership as "a very important milestone in Botswana's long-term efforts to secure electricity generation and affordable electricity."

International Investor Commitment

Ulsan Holding Chairman Fatih Gulsun praised Botswana's leadership for transforming the energy crisis into an opportunity through the nation's Vision 2036 development plan. Other consortium members highlighted the project's significance for national energy security and economic independence, with TFGL chairman Khalid bin Mohammad Al Attiyah characterizing the initiative as "a defining moment in this nation's history" that addresses one of Botswana's most urgent national needs.