BOL upbeat as Coal to Liquids tender closes

Source: Mmegi Online
Author: Mbongeni Mguni

Botswana Oil (BOL) is reporting that "quite a number" of potential investors have responded to its call for bids to build a Coal to Liquids (CTL) plant that could produce 12,000 barrels of oil per day or more than 50% of the country's annual consumption.

Bids closed on Thursday and on Tuesday, a senior BOL executive hinted that a healthy number of firms had submitted expressions of interest ahead of the February 29 deadline.

"We have received quite a number of companies expressing interest, wanting to develop this and we will be looking forward to the next stage when they will receive the Request for Proposal and respond to it," BOL's senior manager (New Ventures) Gamu Mpofu told an energy conference on Tuesday. "This is a major undertaking, a huge project and it requires us to have the right partner who can deliver it."