BPOPF takes bigger stake in Tlou Energy

Thursday, April 18, 2019

Tlou Energy is set to pioneer the country's first CBM poer station PIC: TLOUENERGY.COM

Botswana Public Officers Pensioners Fund (BPOPF) has recently increased its stake in Tlou Energy Limited to 10.4%, snapping up P21 million worth of additional shares in the upcoming natural gas developer.

The increased investment is a vote of confidence for Tlou, which is a front-runner in government’s pending contract for the construction of a 100-megawatt Coal Bed Methane power station.

The BPOPF, which is the country’s largest pension fund with approximately P60 billion in assets, previously held a 4.6 percent stake in Tlou.

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