Botswana has selected Jindal Steel & Power as the preferred bidder in a tender to develop 300 MW coal-fired power plant.
It is the only fossil fuel-based power plant the Southern African country plans to procure in the next 20 years.
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.