Connect with us

Hi, what are you looking for?

Bidding for Power
Bidding for Power
TLOU ENERGY MD: Anthony Gilby

Business

Bidding for Power

Tlou Energy eyes Orapa power plant gas supply

Tlou Energy, an Australian-based company focused on electricity generation in Botswana, has announced plans to bid for the supply and delivery of natural gas to the Orapa 90 Megawatts (MW) power plant.

This follows the issuance of tender by Botswana Power Corporation (BPC) for the supply and delivery of natural gas at the power plant.

In the operational report for the quarter ending 31 March 2021, Tlou announced its plans for the job at the plant, which provides power to the Orapa diamond mine.

The plant currently runs on intermittent grid power and emergency diesel generation but stakeholders at the mine have declared their desire to move to cleaner energy.

Bidding for Power

POWER PLAY: Orapa 90 MW power plant

Tlou, which is publicly listed on the Botswana Stock Exchange Limited, believes gas from its nearby discoveries could be ideally suited to assist with meeting the mine’s cleaner energy objectives.

In its report, the company said it will review its tender documentation and subject to meeting the eligibility criteria, plans to submit a response to the tender, which closes on 21st May.

Meanwhile, Tlou’s Managing Director, Anthony Gilby revealed his organisation is still looking to raise funds to build infrastructure to connect the Lesedi Power Project to the existing electricity grid in the country.

Advertisement. Scroll to continue reading.

This infrastructure includes transmission lines, electrical substations as well as the installation of gas and solar generation assets.

Gilby said finance discussions are at an advanced stage with ‘an unnamed reputable Botswana-based entity’.

“However, we can confirm that their investment committee and board have discussed the project financing and are favourably disposed to Tlou’s proposal,” disclosed Gilby.

The Lesedi Power Project is scheduled to be developed in two phases, with the first phase requiring US$10 million (approximately P100 million).

This will be for the construction of the transmission line, grid connection, electricity generation and potentially drilling of gas wells.

Phase two, set to cost twice as much, will involve the expansion of electricity generation up to 10MW and includes the drilling of gas wells and the purchase of additional electricity generation assets.

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like

Business

Business Botswana (BB) held the 5th Prosperity Africa Small Business Exporters Conference in Gaborone last week. The three-day conference, which attracted over 70 international...

Business

Friday saw the start of a powerful new partnership as Botswana Power Corporation (BPC) and Francistown College of  Technical and Vocational Education (FCTVE) joined...

Business

As part of their efforts to promote the country as a tourism hub, Cresta Marakanelo Limited (CML) sang Botswana’s praises at the Africa Travel...

Business

Health Generation adds zest to the HATAB Conference Botswana’s best juicers, Health Generation had plenty of admirers at the just ended Hospitality and Tourism...

Business

Coal mine set sights on Europe Morupule Coal Mine (MCM) are in hot pursuit of an exciting new partnership, with the coal producers in...

Business

There is a famous Chinese proverb that states life begins the day you start a garden. This certainly rings true for 41-year-old Unaswi Tafila,...

Business

Fallout from Ukraine invasion worries Minerals Minister Calling for divine intervention, Minister of Minerals and Energy, Lefoko Moagi has warned that the on-going Russia/Ukraine...

Business

Distribution company open Gabs office East Africa’s leading ICT distribution company, Red Dot has honed in on Botswana, officially opening an office in Gaborone’s...

Advertisement