Tlou Energy Ltd highlighted “progress in many areas” as it released its final results for its financial year ended June 30.
The company is developing energy projects in sub-Saharan Africa including the Lesedi coal-bed-methane gas-to-power project, in Botswana, which is its most advanced project.
At the same time, it is progressing plans for other gas and solar power generation assets at Lesedi with electricity to be sold into the local power grid.
“Tlou has made progress in many areas with operations and gas flow continuing at Lesedi, tenders awarded for the construction of assets to connect to the regional power grid and very significant progress made to finalise a 10MW Power Purchase Agreement as well as funding arrangements for the Lesedi project,” the company said in a statement.
Managing director Tony Gilby, meanwhile, added: “Tlou is now ready to build the grid connection for the Lesedi Power Project as well as advancing our carbon neutral hydrogen strategy.
“Despite the interruption to our operations resulting from the pandemic, a series of positive events for the company have unfolded over the period including a ministerial site visit to the Lesedi project, signing of a 2MW PPA and grid connection agreement with Botswana Power Corporation, continued gas production at Lesedi and Boomslang permit environmental approval.”