Invictus Energy Signs MoU to Power Zimbabwe’s Eureka Gold Mine
Independent upstream oil and gas company Invictus Energy signed a Memorandum of Understanding (MoU) with energy firm Himoinsa Southern Africa Proprietary Limited and mining company Dallaglio Investments Pvt Ltd. for the development of a gas-to-power project to supply electricity to Eureka Gold Mine in Zimbabwe.
Invictus Energy will provide feedstock from its Cabora Bassa Project to fuel the proposed 12MW gas-to-power plant, which will be constructed by Himoinsa.
Electricity generated from the plant will be transmitted via the national grid to power operations at Dallaglio Investments’ Eureka Mine, located 50km away from the Mukuyu gas field.
A feasibility study is slated to assess the viability of siting the gas-to-power facility at Eureka Mine for on-site power generation.
The three parties will pilot the concept using high-quality natural gas discovered at the Mukuyu-2 gas field in March 2024. Future plans include expanding the capacity of the gas-to-power plant to 50MW and selling surplus electricity to private consumers and into the Southern Africa Power Pool.
Invictus Energy says the MoU is aligned with its efforts to capitalize on early monetization opportunities for its Mukuyu gas project and to expedite the commencement of first resource production.
