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Loss making parastatals bog downgraded Botswana

GABORONE,
(CAJ News) – AN economic slump, magnified by the downgrading of Botswana’s long-term local and foreign currency ratings, has made it imperative for the government to diversify its revenue base and stop financial commitments that are draining state coffers.
Such obligations emptying the public purse include some state-owned enterprises (SOEs) beset by poor financial performance.
Botswana has more than 40 SOEs.
The Southern African country has suffered a major blow after the ratings agency, Moody’s, downgraded its long-term local and foreign currency ratings.
The downgrade is from A2 to A3.
“The downgrade to A3 reflects the deterioration in fiscal strength exacerbated by the shock induced by the coronavirus pandemic,” Moody’s explained. ....

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Tlou plans carbon neutrality at CBM project - News for the Oil and Gas Sector

Tlou plans carbon neutrality at CBM project
Tlou Energy intends to make its Lesedi power project carbon neutral, by growing vegetation around its Botswana site.
17/02/2021, 10:12 am
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Tlou Energy intends to make its Lesedi power project carbon neutral, by growing vegetation around its Botswana site.
The coal-bed methane (CBM) company intends to change “farm management practices to show an increase in standing biomass to claim credits”, general manager Solomon Rowland told Energy Voice. ....

Tony Gilby , Debswana Orapa , Botswana Power Corp , Energy Voice , Tlou Energy , Solomon Rowland , Botswana Power , டோனி கில்பி , போட்ஸ்வானா பவர் கார்ப் , ஆற்றல் குரல் , சாலமன் ரோலண்ட் , போட்ஸ்வானா பவர் ,

Tlou Energy announces operational report

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Tlou Energy Ltd is an ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the exploration and development of gas and solar. The Lesedi Power Project is the company s most advanced project with plans to develop gas and solar power generation assets with the sale of electricity into the regional power grid.
Project finance
The company is currently seeking funding for development of Lesedi. The project is proposed to be developed in two phases.
Phase one involves transmission line construction, transformers, grid connection, electricity generators and potentially the drilling of additional gas wells. The ~100 km transmission line will run from the Lesedi project to the town of Serowe where it will connect to the existing power grid. Initial generation is proposed to be up to 2 MW of electricity. Funding required for phase one is ~US$10 million which can be staged if necessary or prudent to do so. ....

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Tlou Energy And Botswana Power Sign Pilot Purchase...

(Alliance News) - Tlou Energy Ltd on Tuesday announced a pilot power purchase agreement for the . ....

Tony Gilby , Zoe Wickens , Botswana Power Corp , Energy Security , Tlou Energy Ltd On , Alliance News , Botswana Ministry Of Mineral Resources Green Technology , Energy Ltd , Lesedi Power , Botswana Power , Mineral Resources Green Technology , Managing Director Tony , All Rights , டோனி கில்பி , ஸோவீ விக்கன்கள் , போட்ஸ்வானா பவர் கார்ப் , ஆற்றல் பாதுகாப்பு , கூட்டணி செய்தி , போட்ஸ்வானா அமைச்சகம் ஆஃப் தாது வளங்கள் பச்சை தொழில்நுட்பம் , ஆற்றல் லிமிடெட் , போட்ஸ்வானா பவர் , தாது வளங்கள் பச்சை தொழில்நுட்பம் , நிர்வகித்தல் இயக்குனர் டோனி , அனைத்தும் உரிமைகள் ,

Tlou Energy And Botswana Power Sign Pilot Purchase Agreement

Tlou Energy And Botswana Power Sign Pilot Purchase Agreement
Tue, 19th Jan 2021 11:54
(Alliance News) - Tlou Energy Ltd on Tuesday announced a pilot power purchase agreement for the first two megawatts of power from the Lesedi Power project with Botswana Power Corp has been fully executed.
The Botswana and southern Africa focused exploration firm also said it has signed a grid connection agreement to enable a power injection into Botswana Power s grid. This will facilitate development of the power project and the sale of first power, it added.
Shares in Tlou were up 11% at 3.33 pence in London on Tuesday.
Tlou said negotiations on a larger power purchase agreement, of up to 100 megawatts coal bed methane fired power plants, with Botswana s Ministry of Mineral Resources Green Technology and Energy Security will begin in February, following the submission of Tlou s development plan. ....

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