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Transmission Line construction update

23 May 2022 07:00

RNS Number : 3525M
Tlou Energy Ltd
23 May 2022
 

 

23 May 2022

 

Tlou Energy Limited

("Tlou" or "the Company")

 

Transmission Line construction update

 

 

Construction activities for the transmission line to connect the Lesedi Power Project ("Lesedi") to the Botswana power grid have commenced.

 

Zismo Engineering Pty Ltd ("Zismo") have completed their preliminary work and bush clearing of the route is underway. Preliminary work included site handover, assembling the project team and resources, mobilisation of plant and equipment, line survey and design, pole structure modelling, and review and approval by Tlou's Owners Engineer, Mott MacDonald.

 

Zismo has also commenced procurement of equipment which includes manufacture of steel and wooden poles, cross-arms, line hardware, fittings, stay wire and assemblies. Equipment will be delivered in batches, with the first delivery of wooden poles expected next month.

 

Zismo's project site offices are set-up in Mogorosi village and a roving site camp will be located at convenient locations along the transmission line route.

 

 

Project activities

Work commenced with route preparation which includes bush clearing as mentioned above, as well as installation of farm gates where required, line pegging, inspection and approval.

 

Erection of poles will be performed in sections with work commencing on the Serowe end of the line and working towards Lesedi. Work on the first section is due to commence at the end of June and on section two around the end of September 2022. The line is expected to use approximately 650 wooden poles and 80 steel structures involving excavation, positioning, assembly, dressing, planting, backfilling and compacting, and thereafter stringing, tensioning and regulation. This will be followed by testing and commissioning and ultimately line energisation.

 

Work on the transmission line is scheduled for completion in mid-2023, with the substations at either end of the transmission line expected to be completed in the second half of 2023. Sale of electricity can start thereafter.

 

 

Tlou's Managing Director, Mr Tony Gilby commented, "It is great to have the transmission line work underway in the field. Our team will be very busy onsite over the coming months and I look forward to seeing the project develop.

 

We are firmly on track to becoming a regional power producer in a market with a huge power demand and at a time where worldwide demand for gas and cleaner energy is growing significantly."

 

About the Lesedi Power Project

The Lesedi Power Project ("Lesedi") is located in Botswana's Central District, approximately 100 Km from the existing electricity grid.

 

To connect Tlou's 100% owned gas field and proposed generation site at Lesedi to the grid, a 100 Km, 66kV transmission line and supporting substations are required. The line will join the existing grid near the town of Serowe. The 66kV line will be capable of carrying up to 25MW of power. Initial electricity generated will be sold to Botswana Power Corporation, the national power utility under an agreed 10MW Power Purchase Agreement (PPA). First revenue under this PPA is expected in late 2023.

 

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

 

By Authority of the Board of Directors

Mr. Anthony Gilby

Managing Director

****

 

For further information regarding this announcement please contact:

Tlou Energy Limited

+61 7 3040 9084

Tony Gilby, Managing Director

 

Solomon Rowland, General Manager

 

 

 

Grant Thornton (Nominated Adviser)

+44 (0)20 7383 5100

Harrison Clarke, Colin Aaronson, Ciara Donnelly

 

 

 

Arden Partners (UK Broker)

+44 (0) 20 7614 5900

Simon Johnson, Antonio Bossi

Public Relations

Ashley Seller

+61 418 556 875

 

About Tlou

Tlou is developing energy solutions in Sub-Saharan Africa through gas-fired power, solar power and hydrogen projects. The Company is listed on the ASX (Australia), AIM (UK) and the BSE (Botswana). The Lesedi Power Project ("Lesedi") is 100% owned and is the Company's most advanced. Tlou's competitive advantages include our ability to drill cost effectively for gas, our operational experience and Lesedi's strategic location in relation to energy customers. All major government approvals have been achieved.

 

Forward-Looking Statements

This announcement may contain certain forward-looking statements. Actual results may differ materially from those projected or implied in any forward-looking statements. Such forward-looking information involves risks and uncertainties that could significantly affect expected results. No representation is made that any of those statements or forecasts will come to pass or that any forecast results will be achieved. You are cautioned not to place any reliance on such statements or forecasts. Those forward-looking and other statements speak only as at the date of this announcement. Save as required by any applicable law or regulation, Tlou Energy Limited undertakes no obligation to update any forward-looking statements.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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Date   Source Headline
26th Mar 20247:00 amRNSPlacement of Entitlement Offer Shortfall
8th Mar 20247:00 amRNSInterim Results
23rd Feb 20247:00 amRNSLesedi Project Update
5th Feb 20247:00 amRNSResults of Entitlement Offer
24th Jan 20247:00 amRNSQuarterly Activities Report q/e 31 December 2023
8th Jan 20247:00 amRNSNon-Renounceable Entitlement Offer Extension
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24th Nov 20239:00 amRNSNotice of General Meeting
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31st Oct 20237:00 amRNSResults of AGM and Chairman's Address
27th Oct 20237:00 amRNSQuarterly Activities Report q/e 30 September 2023
6th Oct 20237:00 amRNSCompletion of Private Placement
29th Sep 20238:31 amRNSFinal Results
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14th Jun 20237:00 amRNSDrilling and Operational Update
12th Jun 20234:23 pmRNSPublication of Supplementary Prospectus
5th Jun 20237:38 amRNSEntitlement Offer – Extension of Closing Date
23rd May 20239:43 amRNSDespatch of Prospectus to Eligible Shareholders
12th May 20237:00 amRNSPartially Underwritten Entitlement Offer
2nd May 20237:00 amRNSA$2m Loan Agreement Signed
28th Apr 20237:00 amRNSQuarterly Activities Report
13th Apr 20237:09 amRNSLesedi 6 Production Well Drilling
27th Mar 20237:13 amRNSA$200k placement
15th Mar 20237:00 amRNSGas Production Well and Core-hole Drilling
9th Mar 20237:00 amRNSInterim Results
23rd Feb 20232:25 pmRNSInterview with Proactive Investors
27th Jan 20237:00 amRNSOperational Report Quarter ended 31 December 2022
25th Jan 202311:42 amRNSIssue of Shares and Total Voting Rights
19th Jan 20235:16 pmRNSChange of Adviser
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19th Dec 20227:00 amRNSNotice of General Meeting
15th Dec 20227:00 amRNSA$3 million placement
17th Nov 202212:16 pmRNSHolding(s) in Company
17th Nov 202212:16 pmRNSHolding(s) in Company
15th Nov 20222:05 pmRNSSecond Price Monitoring Extn
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11th Nov 20227:00 amRNSA$3 million placement
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27th Oct 20228:44 amRNSASIC investigation concluded
26th Oct 20227:00 amRNSOperational Report - Quarter ended 30 Sep 2022

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