Government of the Republic of Botswana and KP Group Sign MoU to Collaborate on Large-Scale Renewable Energy and Power Infrastructure Development

In a significant development, KP Group, a leader in renewable energy, has signed a Memorandum of Understanding (MoU) with the Government of the Republic of Botswana to collaborate on the development of large-scale renewable energy generation, energy storage and transmission infrastructure. The MoU marks an important milestone in KP Group's international expansion and Botswana's ambition to become a net-zero country by 2030.

The MoU was signed between Botswana's Ministry of Minerals and Energy and KP Group, which comprises KPI Green Energy Limited, KP Energy Limited, and KP Green Engineering Limited. The MoU establishes a framework for cooperation on the planning, development, and implementation of renewable energy and associated transmission projects, aimed at strengthening Botswana's energy security and positioning it as a clean power exporter within the region.

Under the MoU, KP Group and the Government of Botswana will work together to develop a host of renewable energy and infrastructure projects that would require capital investment of around $4 billion (Rs. 36,000 crore). These projects are expected to help increase Botswana's renewable energy capacity to nearly 5 GW. The collaboration envisages the upgrading and construction of high-voltage transmission lines within Botswana, as well as strengthening interconnections with neighbouring countries to enable regional power transmission.

Moreover, as part of this collaboration, KP Group will support 30 scholarships per annum for citizens of Botswana to pursue education and skill development in areas related to renewable energy, engineering, sustainability, and allied disciplines. This initiative aims to build local capacity, foster knowledge transfer, and empower Botswana's youth to actively participate in the country's clean energy transition.

Speaking on behalf of the Government of Botswana, Hon. Bogolo Joy Kenewendo, Minister of Minerals and Energy, stated: "This Memorandum of Understanding marks an important step in Botswana's transition towards a sustainable and secure energy future. Through this partnership with KP Group, Botswana seeks to accelerate clean energy deployment, strengthen regional power connectivity, and deliver long-term economic and environmental benefits, while also promoting skills development and local capacity building, through scholarships for Botswana citizens to support the clean energy transition."

Commenting on the MoU, Dr. Faruk G. Patel, Founding Promoter and Chairman of KP Group, said, "This MoU reflects a shared vision between KP Group and the Government of Botswana to accelerate the energy transition through scalable and sustainable renewable solutions. Botswana has immense solar and wind potential, and we are honoured to partner with the Government to help unlock this opportunity. Together, we aim not only to support Botswana's journey towards net-zero by 2030, but also to create long-term economic value through significant investments and enabling regional exports of clean energy."

As part of the understanding, KP Group will lead technical and commercial development activities, including feasibility studies, project design, financing, construction, commissioning, and longterm operation and maintenance of the renewable energy and storage assets. The MoU highlights Botswana's commitment to diversifying its energy mix and reducing reliance on fossil fuels, while leveraging international expertise and capital. For KP Group, the collaboration represents a strategic expansion of its renewable energy footprint beyond India, aligned with its focus on utility-scale clean energy projects in emerging markets.

Source : Equity Bulls

Keywords

KPEnergy KPGroup MoU BotswanaGovernment