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Tlou Energy (ASX:TOU) - Managing Director, Tony Gilby - The Market Herald
Managing Director, Tony Gilby
Source: Weekend Post
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  • Tlou Energy (TOU) has awarded two tenders for the development of the company’s Lesedi Power Project in Botswana
  • The first tender, awarded to Zismo Engineering, is for the construction of overhead transmission lines
  • The second tender, awarded to OptiPower, is for the construction of substations located at Lesedi and Serowe
  • This will progress the company’s proposed construction of a power station and eventual sale of electricity in Botswana
  • Tlou Energy is up 6.56 per cent and trading at 6.5 cents per share

Tlou Energy (TOU) has awarded two tenders for the development of the company’s Lesedi Power Project in Botswana.

The Lesedi Project is the company’s first proposed development and sits approximately 100 kilometres away from the existing electricity grid in Botswana.

The project, which falls under of the company’s five Lesedi mining licences, forms part of Tlou’s larger goal to deliver cleaner electricity in Botswana and southern Africa by using gas and solar power. 

The first tender that the company has awarded for the Lesedi Project is to Zismo Engineering, a Botswana-based electrical engineering, contracting, automation, and refurbishment company. Under the tender, Zismo will erect wooden poles fitted with an overhead 66-kilovolt transmission line, to connect the proposed Lesedi power station to the nearby township of Serowe. 

The route for the transmission line has been surveyed, with full environmental approval already in place. 

The second tender has been awarded to South African-based OptiPower, for the construction of substations located Lesedi and Serowe. Together, the construction of the transmission line and substations will allow Lesedi to connect to and integrate with Botswana’s existing power grid, through Serowe’s transmission line to the Morupule Power Station.

Tlou Energy’s Managing Director, Tony Gilby, expressed the company’s delight with the response of its tenders and said that Tlou looks forward to working with Zismo and OptiPower.

“The proposed transmission line is the key to unlocking our independently certified gas reserves and contingent resources as well as our solar potential,” he said.

“With funds in place to commence construction, we intend to start work on the ground as soon as possible and thereby begin to unlock Tlou’s potential,” he added.

Tlou Energy is up 6.56 per cent, trading at 6.5 cents per share at 12:18 pm AEST.

TOU by the numbers
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