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.
A pilot Power Purchase Agreement (PPA) has been fully executed between 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.
In addition, Botswana’s Ministry of Mineral Resources Green Technology and Energy Security (MMGE) has provided confirmation that negotiations on a larger PPA are due to commence in February.
Tony Gilby, Managing Director, Tlou said: It is great to see that Botswana is open for business and the Government is motivated to get the gas industry up and running. Tlou plans to start development of the Lesedi project as soon as possible and confirmation of the Governments enthusiasm to provide the necessary support to ensure commercial development of CBM is very well received. In addition, we have
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.