26th Apr 2021 11:30
Tlou Energy Ltd - seeking to use gas and solar to alleviate some of the chronic power shortage in Botswana and southern Africa - Says it seeking project finance to build infrastructure to connect the Lesedi power project to the existing electricity grid in Botswana. Says project finance discussions are at an advanced stage with "a very reputable Botswana-based entity". Says its proposal was seen positively by the potential investor. Phase one will require around USD10 million, with phase two, which is the final phase, requiring USD20 million. Says Botswana's Department of Environmental Affairs has approved the environmental impact statement for the company's Boomslang project, also in Botswana.
Current stock price: 3.03 pence, down 9.6% on Monday morning
Year-to-date change: up 4.1%
By Greg Roxburgh; [email protected]
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