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Tlou Energy Ltd - power company focused on sub-Saharan Africa - Signs power purchase agreement with Botswana Power Corp. Under the agreement, the state-owned electricity company will purchase up to 10 megawatts of power generated at Tlou's Lesedi power project. Tlou has plans to develop gas, solar and hydrogen power generation assets at Lesedi, with electricity to be sold into the local power grid.
"With strong demand for reliable and cleaner power in the region, this 10 megawatt project is expected to be the start of much larger developments by the company...After a long wait we can now look forward to getting the project up and running," says Tlou's managing director, Tony Gilby.
Current stock price: 3.12 pence, up 22% on Monday
Year-to-date change: up 7.6%
By Scarlett Butler; scarlettbutler@alliancenews.com
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