Tlou Energy And Botswana Power Sign Pilot Purchase Agreement
Tue, 19th Jan 2021 11:54
(Alliance News) - Tlou Energy Ltd on Tuesday announced a pilot power purchase agreement for the first two megawatts of power from the Lesedi Power project with Botswana Power Corp has been fully executed.
The Botswana and southern Africa focused exploration firm also said it has signed a grid connection agreement to enable a power injection into Botswana Power s grid. This will facilitate development of the power project and the sale of first power, it added.
Shares in Tlou were up 11% at 3.33 pence in London on Tuesday.
Tlou said negotiations on a larger power purchase agreement, of up to 100 megawatts coal bed methane fired power plants, with Botswana s Ministry of Mineral Resources Green Technology and Energy Security will begin in February, following the submission of Tlou s development plan.