Tlou Energy re-tenders for CBM fuelled power plants in Botswana
Friday, Jul 27, 2018
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 9th August 2018.

The closing date for receipt of tender offers in 12th 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 more information, please visit: http://tlouenergy.com
Find out more about European Oil and Gas from NewsBase