African Alliance invests in CBM power venture

Tuesday, November 21, 2017

Going green: African Alliance CEO Sean Rasebotsa

Leading local fund managers, African Alliance Botswana will invest P33 million in Tlou Energy Limited, a company that is at an advanced stage of developing the country’s maiden gas-fired power project.

The investment, which will see African Alliance holding a 6.5% stake in the fledging energy company, is subject to Tlou listing on the Botswana Stock Exchange (BSE) next month.

Tlou which is already listed in Australia (ASX) and London (AIM), has the most advanced Coal Bed Methane (CBM) project in Botswana with its the Lesedi Project in the central district benefitting from an independently certified Contingent Gas Resources of 3.2 trillion cubic feet (3C) and independently certified Gas Reserves of 261 billion cubic feet (3P).

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African Alliance invests in CBM power venture

Leading local fund managers, African Alliance Botswana will invest P33 million in Tlou Energy Limited, a company that is at an advanced stage of developing the country’s maiden gas-fired power project.