Proactive Investors - Run By Investors For Investors

Tlou Energy positive as Botswana tender passes technical phase

The Botswana authorities reviewing the project tenders will now evaluate the financial elements of the two rival proposals
oil and gas operations
Tlou's proposal scored 89.8% in the technical evaluation

Tlou Energy Limited (LON:TLOU) told investors it has received confirmation that the technical stage of the Request for Proposal (RFP) for Development of CBM fuelled power plants in Botswana has been passed.

It means that the Botswana Public Procurement and Asset Disposal Board (PPADB) has now approved a request to open the financial proposal in relation to Tlou’s gas to power tender, as well as the rival proposal from Sekaname.

READ: Watch: Tlou Energy says it's "well positioned for significant advancements”

The two companies last year submitted the proposal for a 100 MW project.

Tlou highlighted that its proposal received a technical score of 89.8% in the tender, while Sekaname was marked at 86.4%.

“The company looks forward to a positive decision on its financial proposal (the final stage of the RFP process) in due course,” Tlou said in the statement.

View full TLOU profile View Profile

Tlou Energy Ltd Timeline

Related Articles

A map of Buru tenure in the Kimberley region of Western Australia's northwest
March 22 2019
Buru’s chairman Eric Streitberg will speak at an energy and minerals conference in Brisbane next Wednesday.
Egypt
April 08 2019
The South Disouq project has been pushed back towards the end of 2019
Offshore acreage
April 24 2019
A positive investment decision on the oil project offshore Senegal later this year could lead to first oil by 2022.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use