Lesedi to produce 100MW over 30 years
Friday, December 15, 2017
New beginnings: Tlou board members Linah Mohohlo and Gabaake with BSE CEO Thapelo Tsheolo
Speaking at the company’s listing on the Botswana Stock Exchange (BSE) this week, executive director, Gabaake Gabaake said the Lesedi project has independently certified gas reserves of 261 billion cubic feet (3P).
The company has the most advanced CBM project in Botswana, and intends to use the P33 million raised from African Alliance Botswana in the listing to advance the project.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...