Morupule B coal power plant Units 5-6 (300MW)

1/3/2016
Project development, Project finance

BWP 8.7 billion

$ 833.270 million

Announced

1/3/2016


Overview:

  • Morupule B coal power plant Units 5-6 (300MW).
  • The Botswana Power Corporation (BPC) has undertaken a project to expand the existing Morupule B power station.
  • Morupule B was initially planned as a 600MW  power station consisting of four 150MW units.
  • In 2014 it was announced that BPC was looking to add an additional two units (Units 5 and 6) with a combined capacity of 300MW to the existing plant. This expansion had originally been planned as a separate plant called Morupule C.
  • The project is adjacent to the existing Morupule A power plant.
  • Marubeni Corporation and Posco Energy are developing the project and have signed a 30-year PPA.
  • The Export-Import Bank of Korea (KEXIM), Nippon Export and Investment Insurance (NEXI), Japan Bank for International Cooperation, Mizuho Bank, The Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking Corporation are providing $600 million of the projects cost.

Sam Duke - Editor

Jurisdiction:

Botswana

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy


Firms:

Party: Marubeni Corporation (Project developer)

Party: Posco Energy (Project developer)

Lawyer: Neil Donoghue


Party: Botswana Power Corporation (BPC) (Grantor)

Party: Government of Botswana (Grantor)

Lawyer: Parks Tafa


Party: The Export-Import Bank of Korea (Lender)

Party: NEXI - Nippon Export and Investment Insurance (Lender)

Party: Japan Bank for International Cooperation (Lender)

Party: Mizuho Bank (Lender)

Party: The Bank of Tokyo-Mitsubishi UFJ (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)


Party: Marubeni Corporation (Project developer)


Party: Botswana Power Corporation (BPC) (Grantor)