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

Location
Madagascar.

Client
Lemur Holdings, a subsidiary of Bushveld Minerals.

Project Description
The project involves the construction 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.

Jobs to Be Created
Not stated.

Value
Not stated.

Duration
Not stated.

Latest Developments
Lemur Holdings has signed a memorandum of understanding (MoU) with Sinohydro Corporation to develop the project.

The MoU’s objectives include:
• the development of a bankable feasibility study (BFS) and a project implementation proposal for the project by Sinohydro, at its own cost, within 12 months of signing the MoU;
• preparation by both parties of an environmental-impact assessment for the project, as well as engineering, procurement and construction (EPC) and operation and management contracts for the IPP plant, and the EPC contract for the transmission line within 18 months;
• cooperation between the two parties to secure debt and equity funding for the project;
• the potential establishment of a future company for the project on completion of the BFS, in which Sinohydro’s parent company, PowerChina, may take an equity interest; and
• Lemur’s continuing the development of its mine to supply coal to the Imaloto IPP.

Lemur has to date completed a conceptual study and more detailed prefeasibility studies (PFS) for the mine, power plant and transmission line. These studies have demonstrated the favourable economics of the project, including the existing and future demand for electricity in the area.
Sinohydro will use its expertise in power plant and transmission line engineering and construction to build on the work done by Lemur in the PFS.

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.