Intra Energy Corp. signs definitive MoU
Published by Angharad Lock,
Digital Assistant Editor
Global Mining Review,
Intra Energy Corp. has announced the company has signed a Memorandum of Understanding (MoU) with Sinohydro Corp. of China to develop the 270 MW Ngaka coal-fired power station in Tanzania.
A special purpose vehicle will be built to undertake the project, and Sinohydro will be the majority shareholder.
The power station is designed as a 2 x 135 MW pulverized coal injection plant, one which is expected to consume 1.2 million tpy of coal. It will be located approximately 7 km from the minesite. The MoU is valid for 1 year, or until it is superseded by a Joint Venture Agreement.
IEC Chairman, Graeme Robertson, said: “Both Sinohydro and ourselves have worked hard to make this project a reality and in doing so have formed a close working relationship. The MoU represents the next stage in entering into a formal relationship to bring the project to fruition.”
Read the article online at: https://www.globalminingreview.com/exploration-development/26102016/intra-energy-corp-signs-definitive-mou/
You might also like
World Mining Congress 2026: Explore the preliminary programme and keynote speakers of the global gathering
The World Mining Congress (WMC) 2026 has unveiled its Preliminary Plenary Programme, structured around three days of strategic discussions addressing the most pressing challenges facing the global mining industry.