Tlou Energy secures institutional money for Lesedi CBM-to-power project in Botswana

Tlou Energy has announced today the signing of a BWP 50m ($5m) convertible loan agreement with the Botswana Public Officers Pension Fund (BPOPF). The note has a maturity of five years and interest rate of 7.75% per annum.

The agreement also includes an equity investment by BPOPF. Preliminary terms include a further BWP 50m ($5m) equity investment post 1 July 2022.

“The funds are planned to be used to finance construction of transmission line infrastructure to connect the Lesedi Project to the Botswana Power Corporation power grid and to fund installation of generation assets and ancillary costs to facilitate power generation and sale of electricity,” Tlou Energy said in a statement.

Read more

TotalEnergies spuds most anticipated well of the year offshore Namibia

The 7th generation drillship Maersk Voyager has spudded the Venus-1 well within Block 2913b offshore Namibia. The block is operated by Total E&P Namibia B.V. (40%) along with its partners Qatar Petroleum (30%), Impact Oil and Gas (20%), and national oil company NAMCOR (10%). Namibia’s Block 2913b is located in the ultra-deep waters of the […]

All On and partners launch $10m global aggregated renewable energy procurement programme in Nigeria

Nigerian impact investment company, All On, Odyssey Energy Solutions, and the recently launched Global Alliance for People and Planet (The Alliance) have launched this month a global aggregated procurement programme for renewable energy companies in Nigeria. The initiative is supported by a $10 million financing facility managed by All On. Dubbed “Demand Aggregation for Renewable […]