{"id":9348,"date":"2020-10-29T08:14:07","date_gmt":"2020-10-29T08:14:07","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=9348"},"modified":"2020-10-29T08:14:07","modified_gmt":"2020-10-29T08:14:07","slug":"botswana-tlou-energy-provides-funding-for-development-of-the-lesedi-power-project-update","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-provides-funding-for-development-of-the-lesedi-power-project-update\/","title":{"rendered":"BOTSWANA: Tlou Energy Provides Funding for Development of the Lesedi Power Project Update"},"content":{"rendered":"<p class=\"cf\"><span class=\"bo\">Project Finance<\/span><\/p>\n<p class=\"cg\"><span class=\"br\">The Company is currently seeking funding for development of the Lesedi power project proposed to be developed in two phases.<\/span><span class=\"br\">\u00a0<\/span><\/p>\n<p class=\"cg\"><span class=\"br\">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 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.<\/span><span class=\"br\">\u00a0<\/span><\/p>\n<p class=\"cg\"><span class=\"br\">Phase two funding is for the expansion of electricity generation up to 10MW. This will involve drilling additional gas wells and the purchase of additional electricity generators. Funding required for phase two is ~USD\u00a0$20m.<\/span><span class=\"br\">\u00a0<\/span><\/p>\n<p class=\"cg\"><span class=\"br\">Upon successful completion of phase one and two, the Company plans to expand the project beyond 10MW. This expansion is expected to be completed using project revenues and debt.<\/span><span class=\"br\">\u00a0<\/span><\/p>\n<p class=\"cg\"><span class=\"br\">Current funding discussions are mainly related to phase one (USD\u00a0$10m) and have been progressing well. The Company is in discussion with a number of groups, some more advanced than others. These include institutions with a focus on infrastructure development within\u00a0Botswana\u00a0and cleaner energy groups looking to see a move away from traditional coal fired generation.<\/span><span class=\"br\">\u00a0<\/span><\/p>\n<p class=\"cg\"><span class=\"br\">Discussions with\u00a0Botswana Development Corporation\u00a0(BDC) have been ongoing for several months. The Company understands that BDC is seeking internal investment approval and the Company continues to work with BDC to successfully conclude a funding proposal that fits within BDC&#8217;s investment parameters.<\/span><span class=\"br\">\u00a0<\/span><\/p>\n<p class=\"cg\"><span class=\"br\">In addition, the Company has recently received an indicative term sheet for transmission line and transformer funding from a new potential financier. The Company will assess this offer alongside other potential financiers to evaluate the best possible option and funding partner going forward.<\/span><span class=\"br\">\u00a0<\/span><\/p>\n<p class=\"cf\">Meanwhile the Honourable Minister Lefoko Moagi, Minister of Mineral Resources Green Technology and Energy Security (MMGE) and his team visited the Lesedi project. Honourable Minister Moagi has been a long-term supporter of Tlou&#8217;s project and again reiterated his support during his visit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-provides-funding-for-development-of-the-lesedi-power-project-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":[342,8602,8304,8603,1696,6091],"class_list":["post-9348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-botswana","tag-botswana-development-corporation","tag-lesedi-power-project","tag-ministry-of-mineral-resources-green-technology-and-energy-security","tag-natural-gas","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-2qM","jetpack-related-posts":[{"id":10005,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tlou-energy-update\/","url_meta":{"origin":9348,"position":0},"title":"BOTSWANA: Tlou Energy Provides Update on Funding for Development of the Lesedi power project","author":"","date":"March 1, 2021","format":false,"excerpt":"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 Lesedi project. The Company is seeking project finance to build a transmission line from the Lesedi power project to 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":11769,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-awarded-10mw-generation-license\/","url_meta":{"origin":9348,"position":1},"title":"BOTSWANA: Tlou Energy Awarded 10MW Generation License","author":"","date":"February 7, 2022","format":false,"excerpt":"Transmission Line Tlou is pleased to announce that work is set to commence on the transmission line and substations to\u00a0connect the Lesedi power project to the electricity grid. As announced late last year, funding has been secured for the construction of the transmission line\u00a0and substations from our largest shareholder (Botswana\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":9348,"position":2},"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":10132,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tlou-energy-gets-boomslang-project-environmental-approval\/","url_meta":{"origin":9348,"position":3},"title":"BOTSWANA: Tlou Energy Gets Boomslang Project Environmental approval","author":"","date":"March 30, 2021","format":false,"excerpt":"Boomslang Project\u00a0- Environmental Impact Statement (EIS) Approved Botswana's\u00a0Department of Environmental Affairs\u00a0(DEA) has approved the EIS for Tlou's Boomslang project.\u00a0The Boomslang Prospecting Licence PL011\/2019 is located adjacent to the Company's Lesedi power project.\u00a0 All proposed project activities outlined under the EIS have been authorised. These include: \u00b7\u00a0\u00a0\u00a0\u00a0Drilling of core holes and\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":9348,"position":4},"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":11021,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-tlou-energy-signs-power-purchase-agreement\/","url_meta":{"origin":9348,"position":5},"title":"BOTSWANA: Tlou Energy Signs Power Purchase Agreement","author":"","date":"October 19, 2021","format":false,"excerpt":"Tlou Energy has signed a 10MW Power Purchase Agreement (PPA) with the Botswana Power Corporation (BPC). Under the terms of the PPA, BPC will purchase up to 10MW of power generated at Tlou's Lesedi power project. The PPA is for an initial five-year term with the 10MW project being 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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9348","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=9348"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9348\/revisions"}],"predecessor-version":[{"id":9349,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9348\/revisions\/9349"}],"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=9348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=9348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=9348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}