Public Procurement and Asset Disposal Board Decision

Source Company Press Release
Company Tlou Energy Limited
Tags Corporate: Overview/Strategy, Country: Canada
Date May 15, 2019

Tlou Energy Limited wishes to announce the decision below made by the Public Procurement and Asset Disposal Board ("PPADB") and published in the Botswana Daily Newspaper dated 14 May 2019.

Board Decision

MINISTRY OF MINERAL RESORCES, GREEN TECHNOLOGY AND ENERGY SECURITY

Tender No: PPADB 0/7/11/3-1

Title: The Ministry of Minerals Resources, Green Technology and Energy Security's request to engage in negotiations with the following bidders in respect of a tender for Development of a Maximum of 100 mw Coal Bed Methane Fueled Pilot Power Plants in Botswana:

1.   Tlou Energy Limited, and

2.   Sekaname (Pty) Ltd.

Decision: Approved.

Submission Date: 07.05.2019

The Company will liaise with the Ministry of Minerals Resources, Green Technology and Energy Security and the PPADB to obtain further clarity on the above and will update the market once official confirmation has been received.

Request for Proposal (RFP)

On 10 October 2018 the Company submitted its comprehensive response to the RFP for the Development of a Maximum of 100 MW of Coal Bed Methane Fuelled Power Plants in Botswana.

The submission outlined a staged development commencing with up to 10MW of generation as well as outlining project feasibility, proposed field development, installation of power generation facilities and supply of power into the grid in Botswana.  Upon successful completion of the initial project, the Company would look to expand.

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