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

Location
Tanzania.

Client
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 project hosts 171-million tons of measured and indicated coal, sufficient to support the station over the life of the project.

A small-scale mine scenario to provide coal for local markets is being worked on after the granting of a mining licence and the recent ban on coal into Tanzania.

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.

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

Duration
Not stated.

Latest Developments
Edenville Energy is pleased with the progress being made with the development of its RCPP.

“The first half of 2017 was an extremely busy and transformational period for the company. Having raised funds in February to start production, we have been able to rapidly put in place the required infrastructure and are seeing strong demand for our coal.
 
"We look forward to the wash plant being operational shortly and commencing sales of washed coal while continuing to advance our coal-to-power project in conjunction with our partner Sinohydro. The remainder of 2017 is expected to be equally busy,” CEO Rufus Short commented on Friday.

The company has reported that the wash plant is on site and due to be fully operational by the end of September.

Further, Edenville has bought the required critical mining equipment. Mining has started and unwashed coal has been supplied and stockpiled for washing.

Meanwhile, Short has said that Edenville has received strong interest and enquiries from various sources for the mine’s washed product and that it looks forward to formalising sales contracts once it is in a position to supply it.

Key Contracts and Suppliers
Not 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.