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Old 08-06-2014, 04:11 AM
Sparty Sparty is offline
Join Date: Mar 2009
Posts: 1,860
Default Linc to provide UCG derived gas for electricity generation in Tanzania


Linc Energy signs MOU with National Development Corporation of Tanzania and Olympic Exploration Limited to develop commercial UCG to provide power to the Tanzanian electricity grid

The MOU outlines timeline for commercial 400MW power generation from UCG syngas by late 2017

Under the MOU, the NDC has agreed to work with Linc Energy and Olympic Exploration to obtain all necessary permits and approvals for the project, while also assisting with the securing of land access, utilities and the development of a long-term Power Purchase Agreement (PPA).

Olympic Exploration Limited has access to vast coal resources in Tanzania and will be working with Linc Energy on all of the necessary exploration, feasibility studies, finance raising, project engineering, delivery and operation on behalf of a future joint venture between the parties.

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