Sept 2018

Sept 2018

Dec 2018

March 2019

June 2019

July 2019

July 2021

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$.

Milestones

Water Permit (Project 1)

Water Permit Application (Projects 2,3)

Local Approval for Land Acquisition

Feasibility Study

Letter of Intent for PPA       

Land Title

SPPA Execution

ESIA (IFC/EIB Standards)

Financial Close

Start of Construction

Commercial Operation​ (1st Project)

Commercial Operation​ (3rd Project)

Achieved

Achieved

Achieved

December 2020

Jan 2021

April 2021

July 2021

October 2021

June 2022

July 2022

July 2024

July 2025

Investment Requirement

  • 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.

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