Tlou Energy, which is developing the first gas-fired power solutions in Botswana, is in discussions with several strategic parties to secure funds required for the completion of its Lesedi Project.
In a statement to shareholders last week, Tlou Energy Managing Director, Tony Gilby, said the aim is to secure funding this quarter.
He elaborated that Tlou remains committed to delivering electricity into the grid at the earliest opportunity, with power sales contracted under the existing 10MW Power Purchase Agreement with Botswana Power Corporation.
Tlou has already completed the construction of the 66kV electricity transmission line connecting Lesedi power generation site to the power grid and the line has been connected to the Serowe substation.
“Any minor finishing works and the addition of switchgear at the Serowe substation will be done before the line being energised,” Gilby said in a statement.
“The line will be energised as soon as the substation at Lesedi is complete which is expected around the middle of the year subject to funding.”
The substation which will connect Tlou’s power generators to the transmission line, is reported to be approximately 38 percent complete.
With the completion of the transmission line, Gilby said the Lesedi project is no longer isolated from Botswana’s electricity market and is now connected to the broader Southern African Power Pool.
