UK Firm to Partner Tlou in Botswana

Australia and London-AIM listed Botswana coalbed methane (CBM) developer Tlou Energy said February 27 it has signed a binding heads of agreement (HoA) with UK-based Independent Power Corporation (IPC) to jointly develop Tlou's proposed up-to-100 MW CBM to power project.

Last month Tlou was asked by the Botswana government to develop the CBM-fuelled power plant at the Lesedi CBM project.

Tlou and IPC will jointly finalise work on a detailed proposal for submission to the government for the supply of CBM power in modular stages, including talks with third parties over off-take agreements, network access and project funding.  As yet, there is no final investment decision.

Since its foundation in 1995, IPC says it has developed 3.729 GW of power projects around the world, of which 2.301 GW owned by IPC itself.

Mark Smedley