Energy company Shumba Energy (SE) has made significant progress on its Mabesekwa Export Independent Power Plant (MEIPP) project, which will be ready for bid submission by mid-2016. The project is located in the Mabesekwa village in Botswana’s Central District. Shumba has started with the bankable feasibility study for the MEIPP, and with a cash balance of $2.85-million, is confident that it will meet its objectives in 2016 as it moves its project towards financial close.
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