IVZ signs MOU with Mbuyu for 500 MW Gas to Power project

Invictus Energy Limited (ASX: IVZ) has successfully executed an updated Gas Supply Memorandum of Understanding (MOU) with Mbuyu Energy, marking a significant development in their collaboration for the proposed 500 MW Gas to Power project. Under this agreement, Invictus will provide gas from its 80% owned and operated Cabora Bassa Project in Zimbabwe. Additionally, an updated Gas Sales MOU has been signed, allowing for the supply of gas to the 500 MW gas-to-power initiative.

The collaboration anticipates future expansion up to 1,000 MW, translating to approximately 1.4 trillion cubic feet of gas supply. Both parties may opt for a swift commencement of an initial 50 MW pilot project, facilitating early monetization from the Mukuyu gas field. This marks the second significant Gas Sales MOU executed by Invictus for the Cabora Bassa project.

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