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Tlou Energy Renews Co-Operation Agreement with GE & IK Holdings

Source: www.gulfoilandgas.com 8/23/2016, Location: Africa

Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and Southern Africa through the development of coal bed methane (‘CBM’) projects, has renewed a Co-operation Agreement (“the Agreement”) with General Electric International Inc. (GE) and IK Holdings Pty Ltd (IK Holdings) for the delivery of a proposed gas to power solution for Botswana.

The Agreement provides the framework for co-operation between the parties in relation to sharing of infrastructure and technical support for the delivery of:

- A new 50MW power generation facility for which Tlou has been approved by the Government of Botswana to negotiate gas supply, construction and operation (as announced to the market on 5 July 2016);
- Gas supply to the existing 90MW Orapa power station owned by Botswana Power Corporation; and
- A proposed 300MW gas-fired power project to be developed by IK Holdings and GE.

GE is a world-leader in the design, construction, operation and maintenance of power generation facilities. It has a material portfolio of gas compression, CNG plants, LNG plants and water treatment as well as operating and maintenance experience. GE is currently known to be involved in every LNG project in production in Australia.

IK Holdings is an Australian company established with the primary purpose of developing new sources of gas-fired power in Botswana. The directors and senior management of IK Holdings have considerable experience in the delivery of gas to power, primarily in Australia and have been prequalified by the Botswana Ministry of Mines, Energy and Water Resources (MMEWR) to submit a tender offer for a 300MW greenfield independent power plant. IK Holdings’ tender is the only gasfuelled solution that has been prequalified by the MMEWR.

The Agreement has an expiry date of 30 November 2016 and may be terminated at any time by any party. The Agreement does not bind any party to enter into any formal commercial arrangements, however provides a framework for co-operation to finalise the respective project tender processes and approvals and the roles and commercial outcomes for each party.

For more information about related Opportunities and Key Players visit West Africa Projects

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