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.

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