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Tlou Energy, BPC commence power purchase agreement

Tlou Energy Managing Director: Mr Anthony Gilby

Power Purchase deal between Tlou Energy, Botswana’s single Coal Bed Methane power producer and Botswana Power Corporation (BPC), the national power utility outfit has approached final stages. An agreement between the two entities has been reached, Tlou said this week.

Tlou Energy is a Botswana Stock Exchange listed company focused on generating cleaner power in Botswana for Supply into the local and regional power markets.

The company revealed on Monday that an interim 2 Mega Watts Coal Bed Methane (CMB) pilot Power Purchase Agreement (PPA) has been agreed between the itself and Botswana Power Corporation (BPC).  A communiqué from Tlou says the interim agreement is now undergoing final regulatory formalities.

BPC has since requested the terms of the agreement to remain confidential for now. Managing Director of Tlou Energy Mr. Anthony Gilby said: “Agreement of this PPA is a major step forward for Tlou and the Company would like to express thanks to the BPC team for their assistance.”

Gilby further revealed that Tlou is in discussions with potential project finance partners who have been waiting to see the interim Power Purchase Agreement in place which facilitates connection to the power grid leading to first revenue for the company.

“A pathway to revenue generation is key for financiers and once connected to the grid expansion of the project is seen as a relatively straightforward and largely de-risked process,” he said.

Last month Tlou signaled limited funds as an impediment to desired progress in archiving its commercial gas flow targets. The junior exploration company is developing Botswana’s first coal bed methane (CBM) natural gas project which will produce power for national and international consumption.

Currently Tlou is in negotiations with wholly government owned investment arm Botswana Development Corporation (BDC) to finance the project and ensure smooth exploration works towards achieving targeted commercial gas rates continues.

“We are in continuous negotiations with Botswana Development Corporation (BDC) to fund development of this watershed project, the first 10MW of the Lesedi CBM Gas-to-Power project in Botswana and we have received an indicative non-binding term sheet as the negotiations have progressed,”  revealed Anthony Gilby last month.

Tlou Energy submitted a proposal to Botswana’s Ministry of Mineral Resources reen Technology and Energy Security (MMGE) in 2018 for the development of a 10MWCBM Gas-to-Power plant.  The 10MW proposal is separate to the 2MW interim PPA announced today. BPC and MMGE continue to assess the 10MW proposal.

Tlou Energy is  focused on delivering Power solutions  to Botswana and southern Africa  to alleviate some of  the  chronic  power  shortage  in  the  region. The company is  is currently developing  projects using gas and plans to combine this  with solar power  to provide a cleaner base load power  source.

Botswana has a significant energy shortage and generally relies on imported power and diesel eneration to fulfill its power requirements.  Tlou’s Lesedi Power Project provides  investors  with access to a compelling opportunity  to displace  expensive, carbon intensive  diesel  and  imported  coal-fired  electricity  with  a  cleaner  and  more  environmentally friendly alternative.

In addition to plans  for  cleaner  energy,  the  Company  has also   committed  to  developing  community  projects  in  Botswana  adding  real  value  to peoples’  lives  in  a  region  with  sparse  services and where few opportunities exist for  the  local  population.

This  includes  work  to  assist  communities  to  become  self-sustaining,  develop  business  opportunities , improve  access  to  education  and  create  opportunities  for self?employment and wealth creation.

The Company produced its first gas in 2014, has a Mining Licence valid to 2042 and 10 Prospecting Licences.  The Company’s project acreage covers a vast area spanning approximately 9,300 Km2 in total.

Tlou’s ‘Lesedi’ and ‘Mamba’ projects already benefit from significant independently certified 2P gas Reserves of ~41 Billion Cubic Feet(BCF).  In addition, 3P gas Reserves of ~427 BCF and Contingent Gas Resources of ~3,043 BCF provide significant additional potential.

Anthony Gilby Company is planning an initial scalable power project.  Following successful implementation of this first scalable project, the Company looks forward to evaluating longer?term prospects for the delivery of additional electricity to Botswana   and to neighboring countries.

Business

Food prices continue to rise, but at a slower rate

28th November 2022

Prices for cereals or staple foods in Botswana and other Southern African countries continue to rise at a slower pace, following trends in the global markets, according to the latest November 2022 Food Price Monitoring and Analysis by Food Agricultural Organization (FAO) of the United Nations.

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Business

Still doing business the old way?

18th November 2022

It’s time to get business done better with MTN Business Botswana’s ICT Solutions.

Running a digital businessMTN Business Solutions Botswana, popularly known as MTN Business is an Internet Service Provider. We are a subsidiary of MTN Group Limited, a multinational telecommunications Group headquartered in South Africa, which operates in 19 markets across Africa and the Middle East.

More and more, clients are looking for ways to keep their staff productive in a dynamically changing business environment. Whether your people are working from home, the office or abroad, there is a growing recognition that digitising your operations can offer unprecedented commercial value in flexibility, productivity and growth. This new, digital reality means that it is more important than ever to stay agile – if there is anything that can slow a business down, it is being burdened by othatld technology.

Having made substantial investments in fibre technology, high-speed terrestrial and undersea networks and new frequency spectrum across the markets wherein it operates, MTN is perfectly positioned to respond to this shift in the market.

A few years ago, MTN also made the decision to build an IP capable radio network for its mobile services, giving its core network the ability to seamlessly integrate with enterprise IP networks. The mobile towers deliver services to enterprise clients absolutely anywhere it has a network, shortening the last mile and removing complexity and cost.

Now there is increasing demand from clients to connect their remote sites in all areas, including rural and semi- rural. MTN has assisted clients with overcoming this connectivity hurdle, enabling their staff to get the job done wherever they are.
MTN’s evolution

For MTN, the focus has shifted from just being a core telecommunications services provider, towards also becoming a technology solutions provider. The service offering now also includes Unified Communications, Data Hosting and Cloud Solutions, Security-As-A-Service and Managed Network Services. The scope has changed to being client and industry specific, so the requirements and service portfolio vary from one client to the next. The expectation is that a company like MTN must respond to these challenges, helping clients to get business done better as they shift from old to new technologies.

As many businesses continue to grapple with a digitally dynamic world, they face new challenges that have to be solved. This environment will benefit those that are more digitally enabled and agile. It is a brave new world that will favour online over on-site, wireless over wired and fluid over formulaic. Businesses will seek out partners and suppliers that are every bit as flexible and forward-looking as they are.
Ultimately, clients need partners like MTN Business that will invest in infrastructure, deliver the services they require, have market credibility, are financially sound and have a long-term commitment to their market presence.

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BIE to vitalize the Dignity of Engineers

9th November 2022

Botswana Institution Of Engineers (BIE), has last week hosted a gala dinner in  which they appreciated engineers who worked tirelessly and with dedication for 10 years from 1983 to steer the BIE to its current status.

The event that was held at the Phakalane Golf Estate had brought together young, experienced and veteran engineers and was held under the theme “Vitalize the dignity and eminence of all professional engineers”.

Explaining the theme, the institution’s treasurer, Thanabalasingam Raveendran said that engineers were looked upon reverentially with respect as the educated but with time it seems to have deteriorated. He indicated that there is a need to change the narrative by all means.

“The BIE exists for the welfare and the betterment of us Botswana engineers, we need to recognize specialised units within our Institution. We Engineers strongly believe in Engineers make it happen” Raveendran said.

He indicated that under the theme they appeal to all engineers to energize, to attain quality of being worthy of honour and respect and to achieve recognized superiority amongst the Society.

Raveendran stated that engineers need to ensure their end product is of good quality satisfying the end users expectations and engineers must be honest in their work.

“Approximately 8000 engineers registered with Engineering Regulatory Board (ERB) are not members of the BIE, engineers need to make every effort to recruit them to BIE” he said.

He alluded that BIE being a society, it currently needs to upgrade itself at par with professional institutions elsewhere like the UK and USA.

He further stated that BIE has to have engineering units of specialised disciplines like Civil/Mechanical/electrical etc

“As President Masisi indicated in his inaugural speech, the young people, who make 60 percent of the population of this country, are the future leaders and therefore investing in them is building the bridge to the future” said Raveendran

Kandima indicated that BIE has a memorandum of Understanding with Engineers Registration Board (ERB), where BIE is a recognised provider of CPD training, mentorship programmes and more importantly IPD undertaking to upgrade the skills and know-how of our engineers.

“For us to achieve our mandate and make worthwhile changes to engineering in Botswana, we have to be totally focused and act with intent” said Kandima.

Furthermore, Stephen Williams, past president of the BIE from 1986-1988 told the engineers that  the BIE provides a fertile environment where they can meet, share ideas and grow professionally.

“The BIE is also a nesting place for graduate engineers to learn from their peers and seniors, it also cater for engineering technicians and technologists and so nobody in the technology field is left out” he said.

He further indicated that Botswana Government provides a conductive environment for growth of engineering professionals.

“It must be stated that the Botswana Government recognises the existence of BIE and it can further be stated that the government enables ERB to carry out its mandate as a regulator of engineering professionals” said Williams

He plead with engineering companies to recognize and support BIE as it is the only source of engineering personnel’s for various Industries .

Furthermore, when giving his farewell speech, Michael Pinard , a past president of the institution  said how they are viewed as engineers by the general public might be due to some lack of appreciation as to exactly what role they play in the development of the country.

“The BIE slogan is aptly coined-Engineers make it happen, in other words, what man dreams engineers create” Said Pinard.

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