Tlou Energy Ltd Government Releases Re-tender of 100MW RFP (9814V)
July 27 2018 - 1:05AM
UK Regulatory
TIDMTLOU
RNS Number : 9814V
Tlou Energy Ltd
27 July 2018
27 July 2018
Tlou Energy Limited
("Tlou" or "the Company")
Government Releases Re-tender of 100MW RFP
Key Points:
-- Tlou is one of two companies to be invited to re-tender for
the development of a maximum of 100MW CBM Fuelled Pilot Power
Plants in Botswana;
-- A compulsory pre-tender meeting with the Botswana Government
will take place on 9 August 2018;
-- The closing date for receipt of tender offers is 12 September 2018.
Retender of 100MW RFP
Earlier this year the Company received confirmation that
Botswana's Ministry of Mineral Resources Green Technology and
Energy Security ('the Ministry') has requested that the Request for
Proposal (RFP) for Development of up to 100MW of CBM fuelled power
plants in Botswana be re-tendered, with both Tlou and the other
shortlisted party to be invited to submit a bid under a new
re-tender process.
The initial RFP was issued in early 2017 and Tlou submitted a
detailed response to the Ministry in September 2017. Tlou's
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.
Being the most advanced CBM project in Botswana, with gas
reserves in place, having environmental approval for upstream
development and a mining licence secured allowing the Company to
commence development operations, the Company is very pleased to
receive the re-tender document and will now undertake a compressive
review of the terms therein.
Tlou is one of two companies to be invited to re-tender for the
development of a maximum of 100MW of CBM fuelled Pilot Power Plants
in Botswana as an Independent Power Producer (IPP). The other
company being invited to re-tender is a local Botswana company
Sekaname (PTY) Ltd.
Pleasingly for Tlou, a compulsory pre-tender meeting with
representatives of the Procuring Department will take place at the
Botswana Ministry of Mineral Resources, Green Technology &
Energy Security on 9(th) August 2018.
The closing date for receipt of tender offers in 12(th)
September 2018.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For further information regarding this announcement please
contact:
Tlou Energy Limited +61 7 3012 9793
------------------------------------ ---------------------
Tony Gilby, Managing Director
------------------------------------ ---------------------
Solomon Rowland, General Manager
------------------------------------ ---------------------
Grant Thornton (Nominated
Adviser) +44 (0)20 7383 5100
------------------------------------ ---------------------
Samantha Harrison, Colin Aaronson,
Harrison Clarke
------------------------------------ ---------------------
+44 (0) 207 408
Shore Capital (Broker) 4090
------------------------------------ ---------------------
Jerry Keen, Toby Gibbs, Mark
Percy
------------------------------------ ---------------------
FlowComms Limited (Investor +44 (0) 7891 677
Relations) 441
------------------------------------ ---------------------
Sasha Sethi
------------------------------------ ---------------------
Company Information
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 expensive 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.
The Company is listed on the Australian Securities Exchange,
London's AIM market and the Botswana Stock Exchange and is led by
an experienced Board, management and advisory team including
individuals with successful track records in the CBM industry.
Since establishment, the Company has significantly de-risked the
project in consideration of its goal to become a significant
gas-to-power producer. The Company flared its first gas in 2014,
holds a Mining Licence and nine Prospecting Licences, covering an
area of 8,300Km(2) in total, and the Lesedi Project already
benefits from significant independently certified Contingent Gas
Resources of 3.2 trillion cubic feet (3C) and independently
certified Gas Reserves of 261 billion cubic feet (3P).
The Company is planning an initial scalable gas-to-power
project. Following successful implementation of this first scalable
project, the Company looks forward to evaluating longer-term
prospects for the delivery of electricity generated from CBM in
Botswana to neighbouring countries.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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