Invictus Energy Advances in Major Gas to Power Project with Mbuyu Energy
Invictus Energy Ltd
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Invictus Energy Advances in Major Gas to Power Project with Mbuyu Energy

Invictus Energy Limited, in a significant move in the energy sector, has announced an updated Gas Supply Memorandum of Understanding (MOU) with Mbuyu Energy. This collaboration is aimed at supplying gas for a 500MW Gas to Power project, marking a major step in energy resource management and utilization in Zimbabwe.

Potential Growth to 1,000MW Capacity

The project, with an initial capacity of 500MW, holds the potential for future expansion to 1,000MW. This expansion equates to a substantial gas supply requirement of approximately 1. 4 trillion cubic feet over 20 years, sourced from the Cabora Bassa Project, primarily from the Mukuyu gas field.

Fast-Tracking a 50MW Pilot Project

Invictus and Mbuyu Energy may expedite a 50MW pilot project, providing an early monetisation opportunity from the Mukuyu gas field. This initiative is seen as a pivotal step towards the larger goal of the 500MW project.

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Adherence to World-Class Standards

The Gas to Power project is designed to align with global standards, integrating renewable energy sources into Zimbabwe's National Grid. The project aims to minimize environmental impact, utilizing efficient Combined Cycle Gas Turbine (CCGT) technology and incorporating advanced carbon reduction methods.

Leveraging the Southern Africa Power Pool

The Mukuyu gas field's strategic location, within 100 kilometers of major interconnectors to the Southern Africa Power Pool (SAPP), presents the opportunity to export power to regional countries. This aspect enhances the project’s significance in the broader Southern African energy landscape.

Targeting High Energy Demand Offtakers

Mbuyu Energy intends to engage with high energy demand offtakers, including miners and industrial users, many of whom currently import electricity. The project promises to supply reliable and affordable baseload power, which could alleviate the energy deficits and support economic growth in Zimbabwe.

Invictus' Ambitious Gas Discovery Commercialisation

Scott Macmillan, Managing Director of Invictus, highlighted the importance of this MOU in their early commercialisation strategy. The project aims to address the increasing demand for natural gas and cleaner energy in Southern Africa, driven by declining mature fields and retiring coal-fired power infrastructure.

Transitioning to a Diversified Energy Mix

Director of Mbuyu Energy, Tunde Akerele, expressed enthusiasm for the partnership with Invictus and One Gas Resources. He emphasized the project's role in transitioning Zimbabwe from coal power to a more diverse energy mix that includes natural gas and renewables, enhancing energy security and fostering economic development.

Renewable Energy Developments in Zimbabwe

Tatanga Energy, a leader in the consortium, is actively developing renewable energy projects in Zimbabwe, including solar and wind projects. Their flagship project is a 400MW solar photovoltaic park in collaboration with Masawara Limited and Sable Chemicals Limited.

Establishing the Framework for the Power Project

The MOU provides Mbuyu Energy with a twelve-month exclusivity period and preferred partner status. It sets the stage for feasibility studies, pilot plant development, and potential future offtake agreements for gas supply beyond power generation.

A Milestone for Energy Development in Southern Africa

This partnership between Invictus and Mbuyu Energy, underpinned by the MOU, represents a significant advancement in the energy sector of Southern Africa. It not only aims to address the immediate energy needs but also sets a precedent for sustainable and diversified energy solutions in the region.

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