Tlou Energy Falls After Extending Botswana Pact With General Electric
November 28 2016 - 04:29AM
Dow Jones News
By Alex MacDonald
LONDON--The London shares of Tlou Energy Ltd. (TLOU.AU) fell
Monday after the coal-bed methane project developer extended a
cooperation agreement with General Electric Co. (GE) to Feb. 28,
2017, from the end of November to deliver a proposed gas to power
solution for Bostwana.
The agreement provides a framework for co-operation in relation
to sharing infrastructure and technical support for the delivery of
a 50 megawatt power project, gas supply to the existing 90 MW Orapa
power station owned by Botswana Power Corp., and a proposed 300 MW
gas-fired power project to be developed by IK Holdings and GE.
At 0851 GMT Tlou Energy's London shares were down 8.6% at 6.625
pence, having fallen more than 10% earlier in the session.
Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
November 28, 2016 04:14 ET (09:14 GMT)
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