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Old 08-06-2014, 04:11 AM
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Default 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

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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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