Tlou to Raise £2.6mn for Botswana Project
Tlou to Raise £2.6mn for Botswana Project Sydney-listed Tlou Energy plans to undertake an equity placement of £2.6mn (US$3.6mn), it said on March 16. The placing will be conducted through a bookbuild process. The funds raised will be mainly used by Tlou to construct a 66kV transmission line from its Lesedi coalbed methane-to-power project in Botswana to the existing electricity grid at Serowe, and for field operating costs and ancillary equipment. The company said it plans to start work as soon as possible on the transmission line following the award of tenders for the constructio...
Source: naturalgasworld.com