Name and Location
Rukwa coal-to-power project, Tanzania.
Client
Edenville Energy.
Project Description
A scoping study completed on the Rukwa coal project has indicated an economically sound project with a relatively low capital expenditure (capex) cost and a 50-year life-of-mine. A small-scale mine and power plant (coal-to-power) scenario to provide electricity for local markets has been identified as having the best balance for shareholder return, deliverability and achievable capital requirements.
The Rukwa coal-to-power project hosts 171-million tons of measured and indicated coal, sufficient to support a 120 MW power station over the life of the project.
Net Present Value/Internal Rate of Return
Not stated.
Value
The capex to deliver a combined mine and power plant is estimated at between $35-million and $50-million.
Duration
Not stated.
Latest Developments
Edenville Energy has placed 500-million new ordinary shares of 0.02p apiece to raise funds to complete the mining licence application process for its Rukwa coal project and progress discussions with interested partnership groups.
The company has also placed 500-million warrants exercisable at 0.07p a warrant.
It has raised £250 000.
The parties that have participated in the raising have experience in building large-scale coal-to-power projects and some of the groups are active in the East Africa region, the company has said.
An application will be made for the shares to be admitted to trading on Aim, effective August 14. Following the placing, the issued share capital of the company will be 8.42-billion.
Key Contracts and Suppliers
None 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.