Correct Answer : Option (C) - Jindal Steel & Power Ltd
Botswana has picked India's "Jindal Steel & Power Ltd" as the preferred bidder in a tender to build a 300 megawatt (MW) coal-fired power plant, a notice from its energy ministry showed on Monday(21st Nov 2022).
It is the only fossil fuel-based power plant the Southern African country plans to procure in the next 20 years.
Four companies were initially short-listed for the contract but one pulled out leaving Jindal, African Energy Resources and Minergy in a three-way race.
Botswana has over 200 billion tonnes of coal resources and despite recent pressure on coal due to climate change, the diamond-dependent country is pressing ahead with monetising its coal for economic development.
"The contract (is) for the design, finance, construction, ownership, operation, maintenance and decommissioning at the end of its economic life ... of a 300MW net greenfield coal-fired power plant in Botswana as an Independent Power Producer."
Jindal will finance construction of the plant and recoup its investments from selling electricity
to the Botswana Power Corporation (BPC)
under terms to be negotiated between the two parties..Source : Business Standard