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Linc to provide UCG derived gas for electricity generation in Tanzania
LINC ENERGY SIGNS MOU TO COMMENCE COMMERCIAL UNDERGROUND COAL GASIFICATION (UCG) OPERATIONS IN TANZANIA BY 2017
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. Read the full announcement Linc Energy Mobile Investor Centre App now available Stay up to date on Share information. Download for free from Google Play or the App Store LATEST NEWS: 09/07/2014 Click here for details and links - See more at: http://www.lincenergy.com/index.php#....HgHLsUyQ.dpuf
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