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Tlou Energy announces public procurement and asset disposal board decision

Published by
World Coal,


Tlou Energy Limited wishes to announce the following decision made by the Public Procurement and Asset Disposal Board (PPADB) and published in the Botswana Daily Newspaper dated 14 May 2019.

Board decision

MINISTRY OF MINERAL RESORCES, GREEN TECHNOLOGY AND ENERGY SECURITY

Tender No: PPADB 0/7/11/3-1

Title: The Ministry of Minerals Resources, Green Technology and Energy Security's request to engage in negotiations with the following bidders in respect of a tender for Development of a Maximum of 100 mw Coal Bed Methane Fueled Pilot Power Plants in Botswana:

1. Tlou Energy Limited.

2. Sekaname (Pty) Ltd.

Decision: Approved.

Submission Date: 07.05.2019

The company will liaise with the Ministry of Minerals Resources, Green Technology and Energy Security and the PPADB to obtain further clarity on the decision and will update the market once official confirmation has been received.

Request for proposal (RFP)

On 10 October 2018, the company submitted its comprehensive response to the RFP for the development of a maximum of 100 MW of coalbed methane (CBM) fuelled power plants in Botswana.

The submission outlined a staged development commencing with up to 10 MW 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. Upon successful completion of the initial project, the company would look to expand.

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.

Read the article online at: https://www.worldcoal.com/cbm/16052019/tlou-energy-announces-public-procurement-and-asset-disposal-board-decision/

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