• Tsaone Segaetsho
Despite complexities such as the high cost of construction for Shumba Energy’s flagship Tati 100 MW Solar Project near Francistown, the energy firm has remained optimistic about meeting the October 2025 completion target.
Shumba Energy is a Botswana-based and owned coal and energy development company listed on both the Botswana Stock Exchange and the Stock Exchange of Mauritius (SEM).
“Despite the complexities involved, we maintain a cautiously optimistic outlook on achieving this critical milestone,” Shumba Energy directors informed investors on Monday.
According to the company, a significant step forward has been the selection of a tier one contractor as its preferred partner for the project, allowing them to now focus on finalising the capital investment requirements.
“Our current projections indicate that project completion is expected in quarter four of 2025, at which point we anticipate realising substantial value for the company,” the directors announced.
A progress which should hold hopes of shareholders on the Tati solar project is that it has also secured approval for water supply through a nearby pipeline, ensuring the availability of this essential resource during the construction phase.
Another significant announcement in the Tati Project is that it has been granted conditional membership by the Southern African Power Pool (SAPP) during the current quarter.
“This membership category is designed to support generators by confirming their participation in SAPP power markets once the projects become commercially operational. This development underscores the potential of our project and its future role in the regional power market,” said Shumba Energy’s Managing Director, Mashale Phumaphi.
Shumba Energy owns 80 percent of the Tati Solar PV Project and has so far spent P700,000 on site development, over P100,000 on legal fees and around P600,000 on other development costs, bringing the total expenditure on the project thus far to over P1.3 million.
