Name of the Project
Rukwa coal-to-power project (RCPP).

Location
Tanzania.

Client
Edenville Energy.

Project Description
A feasibility study completed on the project has indicated an economically sound project with a 30-year, 120 MW coal-fired power plant.

The project hosts 171-million tons of measured and indicated coal, sufficient to support the station over the life of the project.

A small-scale mine scenario to provide coal for local markets is being worked on after the granting of a mining licence and the recent ban on coal into Tanzania.

Jobs to be Created
Not stated.

Net Present Value/Internal Rate of Return
Independent power modelling consultancy Diamond Energy has completed a new financial model for Aim-listed Edenville Energy’s RCPP.

The new financial model builds on and validates the results and integrity of the financial model compiled from the results of the 2015 power plant feasibility study.

It has resulted in a 14% increase in the project’s pretax net present value to $252-million, from the previous estimate of $220-million, while the internal rate of return has improved to 23.4%, compared with 23.1% in the 2015 study.

Value
The capital expenditure to deliver a combined mine and 120 MW power plant is estimated at between $180-million and $200-million.

Duration
Not stated.

Latest Developments
Mining has started at Aim-listed Edenville Energy’s Rukwa coal-to-power project, with the crushing of several hundred tonnes of coal completed.

The majority of the coal produced so far has been crushed using a temporary crushing facility, which Edenville has refurbished with its partner Upendo.

The resulting product has subsequently been sold to a customer to provide larger-scale, long-term sales once the main wash plant facility is operational.

Meanwhile, Edenville has engaged a specialist logistics company to oversee the containerisation of the wash plant, which it is shipping to Tanzania from the UK, and the subsequent transport of the wash plant to the site by road.

Further earthworks are also being initiated for the plant site and to provide additional access roads for coal trucks. The increase in equipment on site will also allow for a run-of-mine coal stockpile to be established to provide feed for the wash plant and crusher when installed on site.

Key Contracts and Suppliers
Not stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Edenville Energy, tel +44 20 7653 9850 or email info@edenville-energy.com.