- Australia’s Tlou Energy has signed a 10MW Power Purchase Agreement (PPA) with the Botswana Power Corporation (BPC) for energy produced from coal bed methane gas.
- Under the terms of the PPA, BPC will purchase up to 10MW of power generated at Tlou’s Lesedi power project.
The PPA is for an initial five-year term with the 10MW project being the first phase of Tlou’s planned power project expansion.
Tony Gilby, Tlou’s Managing Director, said “Signing of the 10MW PPA is a major step forward for Tlou and builds on the excellent progress made to date. It has taken some time and considerable effort to get to this point as all of those involved would appreciate. This achievement puts the Company on a firm path towards development of the Lesedi power project and considerable growth potential.”
“With strong demand for reliable and cleaner power in the region, this 10MW project is expected to be the start of much larger developments by the Company. This is great news for the Tlou, our shareholders and for Botswana. After a long wait we can now look forward to getting the project up and running.” Gilby added.
Related news: Tlou Energy awarded tenders for the construction of transmission lines and substations to connect the coal-bed methane Lesedi power project to the Botswana national electricity grid at Serowe.
Tlou Energy is listed on the ASX (Australia), AIM (UK) and the BSE (Botswana). The Lesedi Power Project is the Company’s most advanced. Tlou plans to develop gas, solar and hydrogen power generation assets at Lesedi with electricity to be sold into the local power grid.
Author: Bryan Groenendaal