Tlou Energy Limited, the AIM and ASX listed company has appointed former Bank of Botswana governor Linah Mohohlo to its Board as a Non-Executive Director with immediate effect.
The company is focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM)
The company explained that Mohohlo currently has no beneficial interest in it. Mohohlo is currently the coordinator of the Economic Revitalisation Programme which was set up as an emergency to help revive Selebi-Phikwe following the closure of the BCL Mine, which was the mainstay of the town.
Commenting on the appointment, Tlou’s Managing Director Tony Gilby said they were delighted that Mohohlo has joined the board of Tlou Energy Limited.
“Linah has exceptional experience and knowledge across a variety of industries and will add significant value to the team. We look forward to working with Linah as we progress our Gas-to-Power project in Botswana,” said Gilby
Mohohlo brings to Tlou significant experience from the mining industry in Botswana as a board member of both Debswana Diamond Company and Diamond Trading Company.
Mohohlo holds a Bachelors Degree in Economics from The George Washington University, Washington DC, a Masters Degree in Finance and Investment from University of Exeter, UK and a Diploma in Accounting and Business Studies from the University of Botswana.
According to Tlou Energy, Mohohlo has been, a director or partner of the following companies or partnerships during the previous five years: Debswana Diamond Company Limited and Diamond Trading Company Botswana.
Botswana has a severe energy shortage and is currently relying on expensive imported power and diesel generation to deliver its requirements.
However, as the 100 percent owners of the most advanced gas project in the country, the Lesedi CBM Project, Tlou Energy, provides investors with access to a compelling immediate and longer term opportunity of domestic gas to produce power and displace expensive diesel and imported power.
Since establishment in 2009, the Company has significantly de-risked the project in consideration of its goal to become a significant gas to power producer. The Company has the most advanced CBM project in Botswana and flared its first gas in 2014.
The Company is planning an initial scalable gas-to-power project in Botswana. Following successful implementation of this first scalable project, the Company plans to expand to provide further power to Botswana and the southern African region.