Name of the Project
Imaloto Independent power producer (IPP) coal-fired power plant project.

Location
The power plant will be located at the mine-mouth of Lemur’s coal deposit, in Madagascar.

Client
Lemur Holdings, a subsidiary of Bushveld Minerals.

Project Description
The project involves the construction of an initial 60 MW IPP coal-fired power plant and an associated 200 km transmission line.

The power plant is expected to be fuelled by coal from Lemur’s coal mining permit area in Madagascar, which has a Joint Ore Reserves Committee-compliant resource of about 136-million tonnes of coal.

Potential Job Creation
Not stated.

Value
Not stated.

Duration
The project is expected to be commissioned in 2021.

Latest Developments
The bankable feasibility study for the integrated thermal coal mining and independent power project is progressing.

Load, demand and transmission routing studies have been completed; discussions with the Madagascar government regarding the concession have been initiated; social- and environmental-impact assessments have started; and consultants have been appointed to support engagement with financial institutions for project financing.

The design and location of the Imaloto power plant will immediately increase the country’s baseload power supply by about 15%, with the option to scale up to supply more power to new electricity users in the region in the longer term.

Some of Lemur Holdings’ recent achievements include the signing of a 30-year power purchase agreement with Madagascan State-owned power and water utility Jiro sy Rano Malagasy in November.

The agreement was a statutory precondition to receiving a concession for the power project from the government.

According to a timeline provided by Bushveld financial close is targeted towards the end of 2019, with construction set to start in 2019 as well.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Bushveld Minerals, Fortune Mojapelo, tel +27 11 268 6555.
Sinohydro Corporation, email africa@sinohydro.com.