Independent upstream oil and gas company Invictus Energy Limited, mine operator Dallaglio Investments and power generation firm Himoinsa Southern Africa Proprietary, have signed a memorandum of understanding (MoU) to use gas extracted from the Cabora Bassa Project for power generation at the Eureka Gold Mine
Situated 50km from the Mukuyu-2 wellsite, this gas-to-power project will be a sustainable alternative to diesel which currently drives the Eureka mine. In a recent update, Invictus has confirmed that Mukuyu is rich in gasIn a recent update, Invictus has confirmed that Mukuyu is rich in gas.
Led by Himoinsa, the partners are keen on initiating a 12MV-power generation facility, with scope for expansion up to 50MW.
Identifying optimal power delivery method
The MoU provides further scope for additional power off-take agreements that will be based on feasibility studies to figure out which power delivery method can be the most optimal for Eureka. The study will explore whether on-site generation or utilising the existing grid infrastructure located 5km away coupled with wellsite power generation is the most strategic method. Once research is concluded, Invictus Energy and Himoinsa plans to reach a binding gas sale and purchase agreement, ensuring the provision of natural gas for power generation and subsequent electricity supply to Dallaglio at Eureka under mutually beneficial terms.
Beyond Zimbabwe, the electricity generated from this project holds potential to serve other private off-takers through local grids or via the Southern Africa Power Pool (SAPP) – a regional integrated power network.
Invictus Energy has already signed a gas supply deal with Zimbabwe’s Mbuyu Energy, with a 500MW power project on the cards.
