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Tlou Energy has announced a binding heads of agreement with the UK’s Independent Power Corporation (IPC) to develop a proposed coalbed methane (CBM)-to-power project of up to 100MW. Under the agreement, IPC and Tlou will jointly finalise work on a detailed proposal for submission to the Ministry of Mineral Resources, Green Technology and Energy Security for the supply of CBM power in modular stages, including negotiations with various third parties on the terms of an offtake agreement, network access and project funding.