Tlou Energy Limited (Botswana) – 2021 Annual Report

By Published On: September 21st, 2021Categories: Corporate announcement, Earnings

Tlou Energy Limited (TLOU.bw) 2021 Annual Report

Chairman’s letter

Dear Shareholders,

We continue to make progress towards establishing ourselves as a key power player in Botswana and Southern Africa through the exploration and development of power projects. The Company has already made significant achievements including sustained gas flows at the Lesedi Power Project (“Lesedi”), signing of a Power Purchase Agreement with the Botswana Power Corporation (BPC), and securing an electricity generation licence from the Botswana Energy Regulatory Authority (BERA).

In addition to the above, during the past year the Company awarded contracts for construction of overhead powerlines and substations to connect Lesedi to the BPC grid. The Company engaged global engineering, management, and development consulting firm Mott McDonald to complete detailed engineering and design of the proposed ~100Km, 66kV overhead transmission line. Subsequently, the