TIDMTLOU
Tlou Energy Ltd
12 April 2017
12 April 2017
Tlou Energy Limited
("Tlou" or "the Company")
Tlou Notes IPC's Partnership with African Investment Management
and Project Management Firms to Develop Power Assets in Sub-Saharan
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"), is pleased to note the
announcement made by its power development partner, Independent
Power Corporation PLC, outlining its entry into a joint venture
partnership, QG Power Africa, with QG Africa Mezzanine LP, a USD250
million investment vehicle which is part of the Quantum Global
Group, and Tomé International Limited, project management
consulting firm, to jointly develop power assets in sub-Saharan
Africa.
Highlights:
Ø This has potential positive implications for the future
funding of the proposed (up to) 100MW CBM to power project which is
being jointly developed by IPC and Tlou (the "IPP Project"), which
will be situated at Tlou's 100% owned Lesedi CBM Project in
Botswana ('Lesedi')
Ø QG Power Africa plan to develop power assets across
sub-Saharan Africa
Ø Botswana is outlined as part of the first phase of development
and investment, where Tlou's IPP Project would be a potential
investment opportunity for QG Power Africa
Tlou Managing Director, Tony Gilby said, "This joint venture,
which includes significant investors in Africa, validates our
decision to choose IPC as our power development partner for the IPP
Project. We are delighted to see that these experienced parties
have identified the opportunities available to bring power to
constrained energy environments in sub-Saharan Africa. We look
forward to working closely with IPC to develop our IPP Project in
Botswana into commercial operation and to developing discussions
with QG Power Africa on this as an investment opportunity for
them."
As previously announced by the Company, Tlou received a request
for proposal ('RFP') from the Botswanan Government to provide up to
100MW of CBM power from its Lesedi project. IPC has been selected
by Tlou to partner with the Company for submission of the RFP and
development of the IPP Project. IPC and its funding partners plan
to facilitate the building and funding of the necessary power
generation and network access assets, enabling Tlou to
commercialise its gas resources. Tlou maintains a 100% holding over
the current and future gas reserves.
About Quantum Global Group
Quantum Global is an international group of companies active in
the areas of private equity investments, investment management as
well as macroeconomic research and econometric modelling. Quantum
Global's private equity arm manages a family of funds targeting
direct investments in Africa in the sectors of Agriculture,
Healthcare, Hotels, Infrastructure, Mining and Timber - as well as
a sector agnostic Structured Equity fund. Quantum Global's team
combines a solid track record and proven expertise to identify and
execute unique investment opportunities with focus on Africa.
Quantum Global works in close partnership with key stakeholders to
maximise investment value and returns through active management and
value creation. For more information, visit
www.quantumglobalgroup.com.
About Tomé International
Tomé International is an engineering consultancy dedicated to
the Project Management of large-scale infrastructure projects in
the sectors of Power, Petrochemical, Ports, Airports, Roads and
Rails. The team of multi-disciplinary experts work with an
international network who provide local insights of African
emerging market requirements and conditions, covering a range of
industries and countries. For more information visit
www.tomeinternational.com.
About Independent Power Corporation PLC
Independent Power Corporation PLC develops and operates power
plants for governments, large corporations and independent power
producers. IPC has two decades of experience in the development,
operation and ownership of power plants in Southern Africa, South
America, the Middle East, Europe and Central Asia with roughly
4,000 MW operated, developed or owned. IPC's experience includes
thermal and hydropower generation. For more information visit
www.indpow.co.uk.
A copy of the press release issued by Quantum Global which
provides further information on the joint venture and each of the
participants is available on the Company's website:
http://tlouenergy.com/wp-content/uploads/2017/04/Press-Release-QGPA.pdf
For further information regarding this announcement please
contact:
Tlou Energy Limited +61 7 3012 9793
--------------------------------------- ------------------
Tony Gilby (CEO), Solomon
Rowland (Company Secretary)
--------------------------------------- ------------------
Grant Thornton (Nominated +44 (0) 20 7383
Adviser) 5100
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Samantha Harrison, Colin Aaronson,
Harrison Clarke
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+44 (0) 207 408
Shore Capital (Joint Broker) 4090
--------------------------------------- ------------------
Jerry Keen, Mark Percy, Toby
Gibbs
--------------------------------------- ------------------
Optiva Securities Limited +44 (0) 20 3137
(Joint Broker) 1904
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Jeremy King, Christian Dennis
--------------------------------------- ------------------
St Brides Partners Limited +44 (0) 20 7236
(Public Relations) 1177
--------------------------------------- ------------------
Elisabeth Cowell, Lottie Brocklehurst
--------------------------------------- ------------------
FlowComms Limited (Investor +44 (0) 7891 677
Relations) 441
--------------------------------------- ------------------
Sasha Sethi
--------------------------------------- ------------------
Company Information
Tlou Energy is an AIM and ASX listed company focused on
delivering power in Botswana through the development of coal bed
methane ('CBM') projects. Botswana has a severe energy shortage and
is currently relying on expensive imported power and diesel
generation to deliver its requirements. However, as the 100% owners
of the most advanced gas project in the country, the Lesedi CBM
Project, Tlou Energy provides investors with access to a compelling
immediate and longer term opportunity using domestic gas to produce
power and displace the expensive diesel and import market.
The Company is led by an experienced Board, management and
advisory team including individuals with successful track records
in the Australian CBM industry.
Since establishment in 2009 the Company has significantly
de-risked the project in consideration of its goal to become a
significant gas to power producer. The Company has the most
advanced CBM project in Botswana and flared its first gas in 2014.
It holds 10 Prospecting Licences covering an area of 8,300Km(2) and
the Lesedi Project already benefits from significant, independently
certified Contingent Gas Resources of 3.2 trillion cubic feet (3C)
and independently certified Gas Reserves.
The Company is planning an initial scalable gas-to-power project
in Botswana. Following successful implementation of this first
scalable project, the Company plans to expand to provide further
power to Botswana and the southern African region.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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