Tlou Energy Progresses on Lesedi Project to Meet Botswana’s Power Demand

The latest update is out from Tlou Energy Ltd. ( (AU:TOU) ).

Tlou Energy Ltd. has made significant strides in its Lesedi Gas-to-Power Project, with plans to initiate power generation in 2025. Key developments include the near-completion of the Lesedi substation and a new transmission line that will link the project to Botswana’s national grid. These advancements position the company to meet Botswana’s rising electricity demands. The project, set on a 40km² site, will begin with a 10MW development phase, with power sales to be conducted under an agreement with Botswana Power Corporation. These strategic moves are pivotal for Tlou’s growth in the Southern African power market.

More about Tlou Energy Ltd.

Tlou Energy Ltd. operates in the energy sector, focusing on gas-to-power projects in Botswana. Its primary service is the development of gas-fired power generation, with a significant project being the Lesedi Gas-to-Power Project, aimed at addressing regional power demands.

Average Trading Volume: 1,500,720

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £10.31M

For an in-depth examination of TOU stock, go to TipRanks’ Stock Analysis page.