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

Location
Tanzania.

Project Owner/s
Edenville Energy.

Project Description
A feasibility study has indicated an economically sound project with a 30-year, 120 MW coal-fired power plant. The power plant could possibly 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 says it is continuing to work with its strategic partner, Infrastructure and Logistics Tanzania, regarding the proposed handover of operations at RCPP.

The company plans to provide shareholders with a further update as soon as a formal handover date has been agreed.

In the interim period, the company notes that it continues to satisfy existing contracts and is pursuing additional contracts with existing and potential customers.

Further, Edenville has received new East African enquiries regarding power generation capacity and is continuing discussions with the Tanzania government regarding a future power plant development at Rukwa.

Key Contracts, Suppliers and Consultants
Not stated.

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