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Wednesday, March 1, 2017
Tlou Energy signed a binding Heads of Agreement with Independent Power Corp. (IPC) that has the two jointly developing Tlou’s proposed 100-MW CBM-to-power project in Botswana.
IPC is a power development company that specializes in high efficiency and low emissions gas-fired power plants.
Tlou received a RFP tender to develop a CBM power plant of up to 100 MW at the Lesedi CBM Project. As part of entering into the agreement, IPC has received letters of interest for in principle funding support for the power and infrastructure requirements of the project; and IPC will contribute to the costs of the request for proposal tender (RFP) costs.
Under the agreement with IPC, Tlou and IPC will jointly finalize work on a detailed proposal for submission to the government for the supply of CBM power in modular stages, including negotiations with various third parties on the terms of an off-take agreement, network access and project funding.
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