Tlou Energy Ltd Hydrogen Strategy (1150A)
May 28 2021 - 2:00AM
UK Regulatory
TIDMTLOU
RNS Number : 1150A
Tlou Energy Ltd
28 May 2021
28 May 2021
Tlou Energy Limited
("Tlou" or "the Company")
Hydrogen Strategy
Tlou Energy Limited is an ASX, AIM and BSE listed company
focused on delivering power in Botswana and southern Africa through
the exploration and development of gas, solar and hydrogen.
Hydrogen
Tlou is developing a hydrogen strategy to complement the
Company's gas-to-power project.
The hydrogen economy is rapidly developing and could open
multiple additional business opportunities such as solid carbon
products, oxygen, ammonia for energy storage, fuel cell electric
vehicles (FCEV), agricultural and medical applications.
Tlou is well-positioned to produce hydrogen from different
methods. The Company has large and proven resources to develop
these products. Methane for carbon and hydrogen, readily available
water for hydrogen and oxygen, and virtually unlimited CBM / solar
power to drive the process.
A hydrogen strategy would benefit from Tlou's extensive
approvals secured to date, including environmental, gas and solar
generation licences, access to land and established in-country
operational expertise.
Project Finance and Power Purchase Agreement (PPA)
Tlou is in ongoing discussions with a number of parties in
relation to a $10m project finance package for the initial phase of
the Lesedi gas-to-power project which includes construction of
transmission lines and sub-stations.
Two of these parties are currently working through their
internal approval processes and have not expressed a specific need
to conclude the 10MW PPA in order to progress. Others have
indicated a preference for the 10MW PPA to be concluded prior to
moving forward. Tlou is not in a position to influence these
third-party internal processes and therefore cannot estimate how
long this may take.
Once a project finance package is in place and it is
commercially prudent, significant work on the transmission lines
and sub-station can be conducted.
On the 10 MW PPA, confidential negotiations are continuing and
progress is being made. A market update will be provided in due
course.
Forward plan
The primary focus for the Company is to progress the Lesedi
gas-to-power project. Development of hydrogen is planned to run in
tandem and with time could develop into a lucrative opportunity for
the Company given the availability of Tlou's gas and solar
power.
The Company has released a new presentation which is available
to view on the Company's website
http://tlouenergy.com/presentations.
By Authority of the Board of Directors
Mr Anthony Gilby
Managing Director
****
For further information regarding this announcement please
contact:
Tlou Energy Limited +61 7 3012 9793
Tony Gilby, Managing Director
---------------------
Solomon Rowland, General Manager
---------------------
Grant Thornton (Nominated Adviser) +44 (0)20 7383 5100
---------------------
Harrison Clarke, Colin Aaronson, Lukas
Girzadas
---------------------
Shore Capital (Broker) +44 (0)20 7408 4090
---------------------
Jerry Keen, Toby Gibbs, John More
---------------------
Vigo Consulting (PR) +44 (0)20 7390 0230
---------------------
Patrick d'Ancona, Chris McMahon, Simon
Woods
---------------------
Forward-Looking Statements
This announcement may contain certain forward-looking
statements. Actual results may differ materially from those
projected or implied in any forward-looking statements. Such
forward-looking information involves risks and uncertainties that
could significantly affect expected results. No representation is
made that any of those statements or forecasts will come to pass or
that any forecast results will be achieved. You are cautioned not
to place any reliance on such statements or forecasts. Those
forward-looking and other statements speak only as at the date of
this announcement. Tlou Energy Limited undertakes no obligation to
update any forward-looking statements.
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