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 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/m.

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 has acquired a second excavator to increase the amount of mined material from the RCPP.

The company secured a $750 000 loan during the last few weeks of 2018, which has been used to fund the acquisition of the second excavator and four additional hired haul trucks.

Further, Edenville has installed mobile in-pit lighting to allow for a 24/7 operation, further increasing the company’s mining capacity.

The equipment has been deployed in a new mining area to the north of the current excavations. Operations in this northern area will start soon.

Meanwhile, during December, the company completed works on the Lamella clarifier water treatment plant, which has been delivering the expected improvements to water qualities in the plant process and return ponds, leading to higher coal-processing plant productivity.

The construction of a prescreening plant and conveyors, designed to remove the majority of coal fines before they reach the washing circuit, is also complete and the plant is undergoing testing.

Edenville expects the prescreening plant to be fully integrated into the washed coal production process by the end of January.

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.