{"id":10005,"date":"2021-03-01T18:42:32","date_gmt":"2021-03-01T18:42:32","guid":{"rendered":"https:\/\/oilnewskenya.com\/?p=10005"},"modified":"2021-03-01T18:42:32","modified_gmt":"2021-03-01T18:42:32","slug":"tlou-energy-update","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/tlou-energy-update\/","title":{"rendered":"BOTSWANA: Tlou Energy Provides Update on Funding for Development of the Lesedi power project"},"content":{"rendered":"<p class=\"cd\"><span class=\"bs\">Key points<\/span><\/p>\n<p class=\"ce\"><span class=\"bk\">\u00b7\u00a0\u00a0\u00a0\u00a0<\/span><span class=\"bs\">Funding discussions have progressed with a key funding partner<\/span><\/p>\n<p class=\"cf\"><span class=\"bk\">\u00b7\u00a0\u00a0\u00a0\u00a0<\/span><span class=\"bs\">10MW tender consultations have commenced<\/span><span class=\"bs\">\u00a0<\/span><\/p>\n<p class=\"cg\"><span class=\"bi\">Tlou Energy\u00a0has been working with a number of parties to secure funding for the Lesedi project. The Company is seeking project finance to build a transmission line from the Lesedi power project to the existing electricity grid as well as electrical sub-stations, gas and solar generation assets.<\/span><span class=\"bi\">\u00a0<\/span><\/p>\n<p class=\"cg\"><span class=\"bi\">The most advanced project finance discussions are currently with a very reputable\u00a0Botswana\u00a0based entity. Due to confidentiality the Company is unable to name the entity concerned at this time. However, we can confirm that their investment committee and board have discussed and are favourably disposed to Tlou&#8217;s proposal. They are now proceeding to get a third-party technical review of the project as part of their due diligence process. Once this report is assessed an investment decision can be made.<\/span><span class=\"bi\">\u00a0<\/span><\/p>\n<p class=\"ch\"><span class=\"bs\">Tlou&#8217;s Managing Director, Mr\u00a0Tony Gilby\u00a0commented,\u00a0<\/span><span class=\"bs\">&#8220;We already have a great relationship with this group and look forward to working closely with them to get the process concluded successfully and as soon as possible. This is an outstanding project and with the right partners we believe it can be an overwhelming success both for\u00a0Botswana\u00a0and our shareholders.&#8221;<\/span><\/p>\n<p class=\"ch\"><span class=\"bf\"> <div class=\"woocommerce \"><ul class=\"products columns-4\">\n<li class=\"entry product type-product post-9918 status-publish first instock product_cat-ea-outlook product_tag-albertine-basin product_tag-eacop product_tag-kingfisher product_tag-uganda product_tag-upstream has-post-thumbnail sale downloadable virtual purchasable product-type-simple\">\n\t<a href=\"https:\/\/www.oilnewskenya.com\/index.php\/\/product\/uganda-upstream-sector-outlook-2021-2022\/\" class=\"woocommerce-LoopProduct-link woocommerce-loop-product__link\">\n\t<span class=\"onsale\">Sale!<\/span>\n\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Uganda-Upstream-2021.jpg?resize=300%2C300&amp;ssl=1\" class=\"attachment-woocommerce_thumbnail size-woocommerce_thumbnail\" alt=\"Uganda Upstream Sector Outlook 2021-2022\" srcset=\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Uganda-Upstream-2021.jpg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Uganda-Upstream-2021.jpg?resize=100%2C100&amp;ssl=1 100w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Uganda-Upstream-2021.jpg?resize=60%2C60&amp;ssl=1 60w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/Uganda-Upstream-2021.jpg?resize=144%2C144&amp;ssl=1 144w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><h2 class=\"woocommerce-loop-product__title\">Uganda Upstream Sector Outlook 2021-2022<\/h2>\n\t<span class=\"price\"><del aria-hidden=\"true\"><span class=\"woocommerce-Price-amount amount\"><bdi><span class=\"woocommerce-Price-currencySymbol\" translate=\"no\">&#36;<\/span>150.00<\/bdi><\/span><\/del> <span class=\"screen-reader-text\">Original price was: &#036;150.00.<\/span><ins aria-hidden=\"true\"><span class=\"woocommerce-Price-amount amount\"><bdi><span class=\"woocommerce-Price-currencySymbol\" translate=\"no\">&#36;<\/span>50.00<\/bdi><\/span><\/ins><span class=\"screen-reader-text\">Current price is: &#036;50.00.<\/span><\/span>\n<\/a><a href=\"\/index.php\/wp-json\/wp\/v2\/posts\/10005?add-to-cart=9918\" aria-describedby=\"woocommerce_loop_add_to_cart_link_describedby_9918\" data-quantity=\"1\" class=\"button product_type_simple add_to_cart_button ajax_add_to_cart\" data-product_id=\"9918\" data-product_sku=\"\" aria-label=\"Add to cart: &ldquo;Uganda Upstream Sector Outlook 2021-2022&rdquo;\" rel=\"nofollow\" data-success_message=\"&ldquo;Uganda Upstream Sector Outlook 2021-2022&rdquo; has been added to your cart\">Add to cart<\/a>\t<span id=\"woocommerce_loop_add_to_cart_link_describedby_9918\" class=\"screen-reader-text\">\n\t\t\t<\/span>\n<\/li>\n<\/ul>\n<\/div><\/span><\/p>\n<p class=\"ci\"><strong><span class=\"bq\">Project Finance<\/span><\/strong><\/p>\n<p class=\"ch\"><span class=\"bs\">The Lesedi project is proposed to be developed in two phases. Phase one involves transmission line construction, sub-stations, grid connection, electricity generators and potentially the drilling of additional gas wells. The ~100 Km transmission line will run from the Lesedi project to the town of Serowe where it will connect to the existing power grid. Initial generation is proposed to be up to 2MW of electricity. Funding required for phase one is ~USD\u00a0$10m\u00a0which can be staged if necessary or prudent to do so.<\/span><span class=\"bs\">\u00a0<\/span><\/p>\n<p class=\"ch\"><span class=\"bs\">Phase two funding is for the expansion of electricity generation up to 10MW. This will involve drilling gas wells and the purchase of additional electricity generation assets. Funding required for phase two is ~USD\u00a0$20m.\u00a0<\/span><span class=\"bs\">Upon successful completion of phase one and two, the Company plans to expand the project beyond 10MW.<\/span><span class=\"bs\">\u00a0<\/span><\/p>\n<p class=\"ci\"><strong><span class=\"bs\">10MW Tender negotiations<\/span><\/strong><\/p>\n<p class=\"ch\"><span class=\"bs\">As expected, the Company has received correspondence from advisors assisting the Government of\u00a0Botswana\u00a0in the execution of their Coal Bed Methane (CBM) program for the development of up to 100MW of CBM fueled pilot power plants.<\/span><span class=\"bs\">\u00a0<\/span><\/p>\n<p class=\"ch\"><span class=\"bs\">This is a positive development with further discussions planned this week. The Company aims to progress this matter as quickly as possible.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key points \u00b7\u00a0\u00a0\u00a0\u00a0Funding discussions have progressed with a key funding partner \u00b7\u00a0\u00a0\u00a0\u00a010MW tender consultations have commenced\u00a0 Tlou Energy\u00a0has been working with a number of parties to secure funding for the &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/tlou-energy-update\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[955,8304,2065,6091],"class_list":["post-10005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-gas","tag-lesedi-power-project","tag-power","tag-tlou-energy","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1612%2C999&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2Bn","jetpack-related-posts":[{"id":9348,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-provides-funding-for-development-of-the-lesedi-power-project-update\/","url_meta":{"origin":10005,"position":0},"title":"BOTSWANA: Tlou Energy Provides Funding for Development of the Lesedi Power Project Update","author":"","date":"October 29, 2020","format":false,"excerpt":"Project Finance The Company is currently seeking funding for development of the Lesedi power project proposed to be developed in two phases.\u00a0 Phase one involves transmission line construction, transformers, grid connection, electricity generators and potentially the drilling of additional gas wells. The ~100 Km transmission line will run from the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":12810,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-raises-1-7-million-towards-the-lesedi-project\/","url_meta":{"origin":10005,"position":1},"title":"BOTSWANA: Tlou Energy Raises \u00a31.7 million towards the Lesedi Project","author":"","date":"November 14, 2022","format":false,"excerpt":"Tlou Energy Limited is pleased to announce that it has raised A$3 million (~\u00a31.7 million, ~BWP 25 million) pursuant to a placing of 85,714,286 new ordinary shares of no par value at an issue price of A$0.035 (~\u00a30.02, ~BWP0.30) per share. \u00a0 The funds have again been raised via an\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":12785,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-raises-1-1-million-towards-lesedi-project\/","url_meta":{"origin":10005,"position":2},"title":"BOTSWANA: Tlou Energy Raises \u00a31.1 million Towards Lesedi Project","author":"","date":"November 4, 2022","format":false,"excerpt":"Tlou Energy Limited has announced that it has raised A$2 million (~\u00a31.1 million, ~BWP 16.9 million) pursuant to a placing of 57,142,857 new ordinary shares of no par value.\u00a0 The funds have been raised from a new strategic investor, via an entity controlled by Dr\u00a0Ian Campbell, a high net worth\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":12991,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-raises-1-695-placement-be-used-for-drilling-of-gas-production-wells\/","url_meta":{"origin":10005,"position":3},"title":"BOTSWANA: Tlou Energy Raises \u00a31.7M Placement be Used for Drilling of Gas Production Wells","author":"","date":"December 15, 2022","format":false,"excerpt":"Tlou Energy Limited has announced that it has received firm commitments to raise A$3,072,864.71 (~\u00a31.695 million, ~BWP 26.485 million) before expenses pursuant to a placing of 87,796,135 new ordinary shares of no par value at an issue price of A$0.035 per share. \u00a0The funds are proposed to be used for\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":10051,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-announces-proposed-placing-to-raise-2-6-million\/","url_meta":{"origin":10005,"position":4},"title":"BOTSWANA: Tlou Energy Announces Proposed Placing to Raise \u00a32.6 million","author":"","date":"March 18, 2021","format":false,"excerpt":"Tlou Energy has announced its intention to undertake an equity placement of \u00a32.6 million.\u00a0 The Placing will be conducted through an accelerated bookbuild process\u00a0with a price of 3.5 pence.\u00a0 The Placing Shares are not being made available to the public. It is envisaged that the Bookbuild will be closed no\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8959,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-provides-transmission-line-funding\/","url_meta":{"origin":10005,"position":5},"title":"Botswana: Tlou Energy Provides Update on \u00a0Lesedi Power\u00a0Project Transmission Line &#038; Funding","author":"","date":"August 26, 2020","format":false,"excerpt":"Tlou Energy which is focused on delivering power in Botswana and southern Africa through the exploration and development of gas and solar has provided an update following a recent site visit by Botswana Power Corporation\u00a0(BPC),\u00a0Mott MacDonald\u00a0and the Company, conducted in relation to the proposed transmission line to connect Tlou's\u00a0Lesedi Power\u00a0project\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Botswana-Tlou-Lesedi-power.jpg?fit=1200%2C744&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=10005"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10005\/revisions"}],"predecessor-version":[{"id":10006,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10005\/revisions\/10006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/8960"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=10005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=10005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=10005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}