28th May 2021 10:41
(Alliance News) - Tlou Energy Ltd on Friday said it is developing a hydrogen strategy to complement its Lesedi gas-to-power project in Serowe, Botswana.
The southern Africa-focused exploration and development company said it is well-positioned to produce hydrogen from different methods. Methane for carbon and hydrogen, readily available water for hydrogen and oxygen, and solar power to drive the process, Tlou said.
In addition, the company said it is in ongoing discussions with a number of parties in relation to a USD10 million project finance package for the initial phase of the Lesedi project which includes construction of transmission lines and sub-stations.
Once a project finance package is in place and it is commercially prudent, work on the transmission lines and sub-station can be conducted, Tlou said.
Tlou Energy shares were trading 3.7% higher in London on Friday at 2.70 pence each.
By Evelina Grecenko; [email protected]
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