Tlou Chosen as Preferred Bidder for Botswana Power Project
Africa-focused Tlou Energy has been selected as the preferred bidder for the development of a coalbed methane fired power plants in Botswana, it said May 20.
"The proposal that we submitted was very competitive and we welcome this decision by the government……The company will now progress with additional work on the ground to deliver a gas-to-power solution that can bring significant benefits to the country and to our shareholders. I look forward to updating the market as we continue to develop the project," Australia-listed Tlou's managing director Tony Gilby said.
In October 2018 Tlou submitted its response to the request for proposal (RFP) for the development of a maximum of 100 MW of CBM fuelled power plants in Botswana. The company'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.
Tlou operates the Lesedi project in Botswana, consisting of four coal and CBM prospecting licences (PL) and a mining licence. The latter area is the focal point for operations and includes pilot wells where Tlou had been flaring gas before the start of the drilling programme.
Tlou also has the Mamba project, adjacent to Lesedi, which consists of five coal and CBM PLs, covering about 4,500 km2. Earlier this year, it was awarded a new prospecting CBM licence by the government of Botswana.