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Tlou Energy tender submission closing date for CBM project confirmed

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World Coal,

Tlou Energy Ltd, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), has received confirmation from Botswana’s Department of Mines in the Ministry of Mineral Resources, Green Technology and Energy Security (the Ministry) that the closing date for the receipt of tender offers for the Ministry’s Request for Proposal (RFP) for the development of up to 100 MW of CBM fueled power plants has been extended to 23 August 2017.

Tlou received the RFP from the government of Botswana for the development of up to 100 MW of power using CBM in January 2017. The proposal, which will include a power purchase agreement, will assist in the development of a CBM gas industry in the country and create a new market for Tlou’s independently-certified gas reserves and significant contingent gas resources of ~3.2 trillion 3.

The RFP requires details of the proposed field development, the installation of power generation facilities and supply of power into the grid in Botswana. 

The RFP originally outlined a closing date on 12 July 2017 which has now been extended by the Ministry to 23 August 2017 as some of the supporting documentation to be published by the Ministry has not yet been released.

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