Tlou Energy has announced it is in negotiations with Botswana Development Corporation (BDC) to provide the initial capital required to start production at its Lesedi Coal Bed Methane (CBM) project.
In an update to stakeholders this week, the company revealed they expect to receive a funding proposal from BDC in the near term.
Tlou is aiming to become the first enterprise to produce gas-fired energy in Botswana.
The two are currently discussing the virtues of BDC providing up to US$30 million (P300 million) to develop the first 10 Megawatts (MW) of the Lesedi Gas-to-Power project, wit...
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