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

Location
Tanzania.

Project Owner/s
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. There is the possibility that the power plant could be scaled up to 300 MW.

The Rukwa coalfields comprise the Mkomolo, Namwele and Muze deposits.

The project hosts 173-million tons of measured and indicated coal, sufficient to support the station over the life of the project.

Output has been estimated at 10 000 t a month.

Potential Job Creation
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.

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

Planned Start /End Date
Not stated.

Latest Developments
Edenville Energy has taken delivery of two 30 t trucks that will be used for loading and hauling at its RCPP.

The company used a modest part of proceeds from fundraising undertaken in May to acquire the trucks.

As the project expands, Edenville says the trucks may be supplemented with additional units.

The company previously relied on trucks supplied by contractors, which were more expensive and less efficient.

The two new trucks will operate on a two-shift-a-day basis, compared with the single shift for the previous contractor’s trucks, which increases the amount of coal that can be delivered to the coal wash plant.

Resultantly, the wash plant should progress to a double-shift basis in the coming weeks, boosting productivity at the project.

The new trucks should also reduce the project’s mining costs while allowing for greater flexibility and extended use in operations.

Edenville Energy CEO Rufus Short has said that the Northern Mining area continues to yield encouraging results, while the company’s reliance on contractors is diminishing and its overall efficiency is improving.

Key Contracts and Suppliers
Not stated.

On Budget and on Time?
The project is on track.

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