Banners
Banners

Tlou raises P22m for Lesedi CBM project

MBONGENI MGUNI
Lesedi Project
One of the region’s most advanced Coal Bed Methane developers, Tlou Energy, has raised P24 million in a share offer designed to advance its Lesedi project in central Botswana.

In a statement to investors, Tlou Energy MD, Tony Gilby said the partially underwritten share offer of 75 million shares had raised P22 million out of the P24 million targetted.

The proceeds of the offer will go towards engineering and design of a transmission line, due diligence costs related to development funding, field

Banners
operations and working capital at Lesedi. Tlou is developing a ‘scalable’ power project and recently entered into an agreement with the Botswana Power

Corporation (BPC) to pilot a 2MW plant at Lesedi.

The company boasts independently certified gas reserves of  about 41 billion cubic feet at its licences in central Botswana.



Business

Banners
Banners

Selefu

I am back!

Latest Frontpages

Todays Paper Todays Paper Todays Paper Todays Paper Todays Paper Todays Paper
Banners