Invictus Energy, an independent upstream oil and gas company, has inked a Memorandum of Understanding (MoU) with Himoinsa Southern Africa Proprietary Limited and Dallaglio Investments Pvt Ltd.
The agreement aims to develop a gas-to-power project to supply electricity to the Eureka Gold Mine in Zimbabwe.
Under the partnership, Invictus Energy will provide feedstock from its Cabora Bassa Project to fuel a proposed 12MW gas-to-power plant, which will be constructed by Himoinsa.
The 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 will evaluate the viability of siting the gas-to-power facility at Eureka Mine for on-site power generation. The project will utilize high-quality natural gas discovered at the Mukuyu-2 gas field in March 2024.
Future plans involve expanding the capacity of the gas-to-power plant to 50MW and selling surplus electricity to private consumers and the Southern Africa Power Pool.
The MoU aligns with Invictus Energy’s strategy to capitalize on early monetization opportunities for its Mukuyu gas project and accelerate the commencement of first resource production.
