Australia’s Tlou Energy Banks on 100MW Gas Power Project in Botswana

Google+ Pinterest LinkedIn Tumblr +
  •  Tlou Energy Limited is an Australian (ASX) listed company focused on delivering power in Botswana and southern Africa through the exploration and development of gas and solar power. 
  • The company has announced that they have executed a PPA and Connection Agreement for their Lesedi gas to power project in Botswana
  •  The Botswana government confirms intention to fast-track commercial development of the gas industry with negotiations on the 100MW tender process to commence in February 2021.

A pilot Power Purchase Agreement (PPA) has been fully executed between Tlou Energy Limited 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.

Tlou’s Managing Director, Mr Tony Gilby commented, “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 also recommenced negotiations with Botswana based project financiers this month as we aim to close a deal for funding as soon as possible.

Botswana recently released their Integrated Resource Plan (IRP) which includes an allocation of 250MW for coal bed methane gas to energy projects. Read more

Tlou Energy TOU (ASX) is currently trading at A$0,052 at the time of publication.

Author: Bryan Groenendaal


Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Copyright Green Building Africa 2024.