Australian-based Linc Energy
has signed a Memorandum of Understanding (MOU) with the Tanzania
National Development Corporation (NDC) and Olympic Exploration Ltd. to
work towards the development of a 400 MW underground coal gasification
(UCG) to power operation in Tanzania.
The
MoU specifies a program for the exploration of Tanzania coal and power
plant development and is expected to additional power to the Tanzania
electricity grid following the completion of the commercial 400 MW power
plant in the South West of Tanzania by the end of 2017.
The Tanzania NDC will work closely
with Linc Energy and Olympic Exploration to obtain all of the permits
and approvals that will be required for the project and will assist in
securing land access and utilities and help develop a long-term Power
Purchase Agreement (PPA).
According to Peter Bond, CEO and
managing director of Linc Energy, the MoU will serve to further
commercialize UCG technology while also providing significant tangible
benefits to the Tanzania economy.
“We are delighted to be partnering
with the Tanzanian Government and Olympic Exploration in this exciting
project which not only acts as a further catalyst for the
commercialization of UCG in Africa, but also affords significant
economic and regional benefits to the people of Tanzania,” he said in a
World Coal report.
Linc Energy is an Australia-based
energy company with a portfolio of both conventional and unconventional
oil and gas assets and is a leader in the development of UCG technology
as evidenced by being the only company in the world to have demonstrated
the ability to produce diesel and jet fuel from UCG feedstock |
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