Australian mining company African Energy Resources remains upbeat to clinch the 300MW coal‐fired greenfield power project tender in Botswana, after it was shortlisted Wednesday, the company has announced in a statement.
Last year, African Energy Resources and ACWA Power International formed a joint bid and submitted an expression of interest for the project.
Botswana has already communicated an indicative time-frame (end of March) for the invitation of bids from shortlisted parties for the project tender.
The government is currently finalising the appointment of its legal and transaction advisers for the project.
The company said coal for the power stations would be provided from Sese Block‐C which currently contains 330 metric tonnes of coal in measured resources and is thus capable of supporting multiple power projects.
African Energy has a resource of up to 6.2 billion tonnes of thermal coal in Botswana while ACWA, which is based in Saudi Arabia, has more than 20 plants in 8 countries.