Tlou Energy seeking funding for development of the Lesedi power project
Tlou Energy an ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the exploration and development of gas and solar power, is seeking funding for development of the Lesedi power project.
- Project Finance negotiations on-going
- Ministerial visit to the Lesedi power project
The Company is currently seeking funding for development of the Lesedi power project. The project is proposed to be developed in two phases.
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 $10m.
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 $20m.
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