Ruaha Hydro Projects
The Ruaha Projects are located in the Njombe Region in southwest Tanzania and rivers in the Great Ruaha River Basin, which itself is part of the largest river basin in Tanzania, the Rufiji Basin.
The Projects can be characterized as medium head (change in elevation) projects, but as the waterflow in the basin is quite large the total annual generation of the 3 projects is estimated to be approximately 100 MWh.
The Ruaha Projects are in the early stage of development with sites identified and applications made for water permits with the Rufiji Water Basin Office. Project 1 has obtained its water permit, applications have been made for the other two projects. The Project Company has obtained local approval for land acquisition. The development process will be adjusted according to progress made on our other projects and as resources can be allocated to the Ruaha Projects
Project in Brief
Project Company: Federal Power Matrix Limited
Project: 3 run-of-river hydro projects with a total estimated capacity of 17MW
Location: Njombe Region Tanzania
Generation: 100,000,000 kWh / annum
Total Investment: US$ 65 million
Start of Construction: July 2022 (1st project)
Planned Completion: July 2025 (3rd project)
The Project Company will sell its generation to the Tanzanian Electric Supply Company (TANESCO) under a 25-year SPPA's with a tariff set in US$.
Water Permit (Project 1)
Water Permit Application (Projects 2,3)
Local Approval for Land Acquisition
Letter of Intent for PPA
ESIA (IFC/EIB Standards)
Start of Construction
Commercial Operation (1st Project)
Commercial Operation (3rd Project)
Total completion cost of $65 million is expected to be funded with $20 million of equity and $45 million of debt sourced from development banks.
The project is a commercially viable investment with projected cash flows that will allow it to service its debt and provide a healthy rate of return to equity investors.