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)

Copyright (c) 2016 Dow Jones & Company, Inc.
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