BPC signs CBM deal with Tlou Energy

Twelve years after its establishment in the country’s eastern gasfields, Tlou Energy executives this morning signed a Power Purchase Agreement (PPA) with the Botswana Power Corporation (BPC). The deal is for the supply of 10 megawatts over a period of five years and while financial terms were not disclosed, Tlou Energy has said it expects revenues of US$10 million (P110 million) annually from the contract.

Tlou Energy’s biggest shareholder is the Botswana Public Officers Pension Fund and it expected that the expansion to produce 10MW will result in 300 jobs created. About 100 workers will be required to operate the plant after expansion.