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
The coal wash plant for Edenville Energy’s Rukwa coal mine has been delivered to port in the UK and has been inspected and cleared by the appropriate authorities, ready for shipment to Tanzania.
The first of the shipments is expected to leave the UK this month and will take six weeks to arrive in Tanzania.
The cargo comprises 15 main containerised units that hold the associated pieces to complete the plant assembly.
A new spares package has also been bought, which will ensure critical area components, such as pumps, are readily available should the need arise.
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.