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Tlou Energy Ltd is an ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the exploration and development of gas and solar. The Lesedi Power Project is the company s most advanced project with plans to develop gas and solar power generation assets with the sale of electricity into the regional power grid.
Project finance
The company is currently seeking funding for development of Lesedi. The project is proposed to be developed in two phases.
Phase one involves transmission line construction, transformers, grid connection, electricity generators and potentially the drilling of additional gas wells. The ~100 km transmission line will run from the Lesedi project to the town of Serowe where it will connect to the existing power grid. Initial generation is proposed to be up to 2 MW of electricity. Funding required for phase one is ~US$10 million which can be staged if necessary or prudent to do so.
Botswana: Tlou Energy executes pilot Power Purchase Agreement with Botswana Power Corp for Lesedi project
18 Jan 2021
Tlou Energy is an ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the exploration and development of gas and solar power. The Company’s first proposed development is the
Lesedi Power Project.
Government confirms intention to fast-track commercial development of the gas industry
Negotiations on the 100MW tender process to commence in February 2021
A pilot
Tlou Energy and
Botswana Power Corporation (BPC) for the
first 2MW of power from the Lesedi project. A grid connection agreement has also been signed which enables the injection of power into the BPC grid. These are key agreements that will facilitate development of the power project and the sale of first power.
19 January 2021 | 09:20am
StockMarketWire.com - Africa-focused Tlou Energy said it had signed a pilot power purchase agreement with Botswana Power Corporation for its Lesedi project coal-fired power project in Botswana.
A grid connection agreement had also been signed, enabling the injection of power into the grid.
Botswana s Ministry of Mineral Resources Green Technology and Energy Security also ahd provided confirmation that negotiations on a larger power purchase agreement were due to commence in February. It is great to see that Botswana is open for business and the Government is motivated to get the gas industry up and running, chief executive Tony Gilby said.