Oz Invictus Signs Zimbabwe Gas-to-Power MoU
Sydney-listed Invictus Energy and its partner, One-Gas Resources, have signed a memorandum of understanding with Harare-based Tatanga Energy regarding a gas-to-power plant project in Zimbabwe, Invictus said December 19.
As per the MoU, the companies will progress gas supply for the 500-MW project in the event of a commercial gas discovery from Special Grant 4571 in Muzarabani prospect. Special Grant 4571 covers 250,000 acres located in the Cabora Bassa Basin in northern Zimbabwe. Muzarabani prospect is a multi-trillion ft³ conventional gas-condensate target which, according to Invictus, is potentially the largest, un-drilled seismically defined structure onshore Africa.
Invictus and Tatanga have agreed to jointly work together and cooperate with regards to investigating the economic and commercial viability of supplying natural gas from the Cabora Bassa project (Invictus (80%) and One-Gas (20%)) to the proposed plant which will be sold to the national grid and/or to captive clients in Zimbabwe, Zambia and Mozambique, Invictus said.
The proposed power plant will be built in two phases with the first phase estimated at 150MW and the second phase consisting of an additional 350 MW. The optimal location of the plant will be determined by factors including proposed pipeline routings and access to transmission infrastructure including the Southern Africa Power Pool (SAPP), the company said.
According to Invictus, preliminary studies have identified a number of suitable locations that provide the ability to supply electricity to the local grid as well as export customers through the SAPP.