Tlou Energy Makes Progress, Tender Technical Stage Approved

 Tlou Energy Limited says it has received confirmation that the technical stage of the Request for Proposal (RFP) for Development of CBM fuelled power plants in Botswana has been passed.

 Accordingly, the Botswana Public Procurement and Asset Disposal Board (PPADB) has approved the request from Ministry of Mineral Resources, Green Technology and Energy Security (MMGE) to open the financial proposal in relation to the company’s gas to power tender.

 On 10 October 2018, Tlou Energy submitted its comprehensive response to the RFP for the Development of a Maximum of 100 MW of Coal Bed Methane Fuelled Power Plants in Botswana. 

“The submission outlined a staged development commencing with up to 10MW of generation as well as outlining project feasibility, proposed field development, installation of power generation facilities and supply of power into the grid in Botswana.  If the proposal and the initial project are successful, the Company would look to expand further,” the company said.

 Tlou has now received confirmation of the PPADB decision to approve the Ministry’s request to open the Financial Proposal in respect of Tlou Energy Limited and Sekaname (Pty) Ltd which both submitted proposals for the 100 MW project and which achieved technical scores of 89.8% and 86.4% respectively in the tender.

 “The Company looks forward to a positive decision on its Financial Proposal (the final stage of the RFP process) in due course.” Tlou Energy is focused on delivering Gas-to-Power solutions in Botswana and southern Africa to alleviate some of the chronic power shortage in the region. 

Tlou is developing projects using coal bed methane (‘CBM’) natural gas.  Botswana has a significant energy shortage and generally relies on imported power and diesel generation to fulfil its power requirements.  As 100% owner of the most advanced gas project in the country, the Lesedi CBM Project, Tlou Energy provides investors with access to a compelling opportunity using domestic gas to produce power and displace expensive diesel and imported power.

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