Dated: 18 December 2014
Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce the findings from the Power Pre-Feasibility Study (“PPFS) report for the Rukwa Coal to Power Project (“RCPP”).
Key Highlights
The PPFS report was prepared by Aurecon on behalf of the Company and findings include the following:
- four plant configurations were assessed, with a base case technology comprising 2 x 150MW Circulating Fluidised Bed (CFB) recommended for further development in Feasibility;
- sufficient additional coal resources are available from Rukwa to potentially expand the power station to double the current design size or to be used in alternate energy conversion technologies such as coal to liquids;
- a technical and environmental risk assessment was undertaken which unanimously recommended further development of the project via feasibility analysis;
- total project cost, dependent on the plant option selected, is estimated between US$640 million and US$760 million;
- modelling was undertaken based on conservative “base-load” assumptions (80% capacity factor) to predict annual generation profiles over the plant life. Indicative annual power generated, dependent on plant option selected, will be between 1,841GWh per annum and 1,877GWh per annum.
Download Full Report
[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”https://kibo.energy/wp-content/uploads/Final-RNS_Rukwa-PDFS_PFS-Update_V3.0_18-12-2012.pdf” btn_target=”_blank”]Power Pre-Feasibility Study Report – Rukwa Coal to Power Project[/ott_teaser]