LONDON (Alliance News) - Tlou Energy Ltd said on Friday it is one of two companies to be invited for the retender of the request for proposal of the development of 100 megawatts of coal bed methane fuelled power plants in Botswana.
The other company to be shortlisted is a local firm named Sekaname (Pty) Ltd. The initial requested was issued in early 2017 to which Tlou submitted a response to the Ministry of Mineral Resources, Green Technology & Energy Security in September.
In February, Botswana had cancelled Tlou's tender due to non-compliance with the government's requirements.
The response outlined a staged development starting with 10 megawatts of generation as well as outlining plans for the development.
A pre-tender meeting is scheduled with representatives of the Procuring Department for August 9, and the closing date for the receipt of tender offers is September 12.
"Being the most advanced CBM project in Botswana, with gas reserves in place, having environmental approval for upstream development and a mining licence secured allowing the company to commence development operations, the company is very pleased to receive the re-tender document and will now undertake a compressive review of the terms therein," Tlou said in a statement.
Shares in Tlou Energy were up 7.9% at 6.26 pence on Friday.
Tlou Energy (TLOU)