Tlou Energy seeks to raise P92m

The latest fundraising is part of a process to finance the company’s Lesedi project, which is set to become the country’s first commercial CBM plant, opening up a new ecosystem of electricity generation in Botswana.

Tlou expects Lesedi’s project costs to reach P300 million and part of the funding has already been sourced from the BPOPF. “Eligible shareholders will have a chance to purchase a set of four new Shares for every 11 Shares held at an issue price of 0.035 Australian dollars (32 thebe) per new share,” Tlou officials said in a circular to shareholders recently.