Nov 14, 2014
Continental affiliate teams up with Husk Power Systems for Tanzania
DAR ES SALAAM, Tanzania /PRNewswire/ -- Continental Energy Corporation (OTCQB:CPPXF), the "Company", an emerging international energy investment company, today announced that its Tanzanian affiliate, Ruaha River Power Company Ltd. ("Ruaha Power"), has entered into a joint venture agreement with Husk Power Systems ("HPS") and has taken delivery of its first 32kW biomass power plant at its Dar es Salaam workshop.
The power plant will provide primary generation capacity at Ruaha Power's first build-own-operate "Mini-Grid" network which shall generate, distribute, and sell electrical power directly to residential, commercial, and light industrial customers at pre-pay meters. Ruaha Power plans to install several similar Mini-Grids in the Morogoro and Iringa Regions of Tanzania.
The generation plant runs on syngas produced in an integrated biomass gasifier fueled by locally available agricultural residue. The plant and its related systems are proprietary designs supplied by HPS, and will be operated as an embedded generator within Ruaha Power's biomass-diesel hybrid Mini-Grid under the terms of a 50/50 joint venture arrangement between HPS and Ruaha Power.
John Tate, Ruaha Power's co-founder and CFO, said; "We are excited about taking delivery of the Husk Power Systems plant and proud to be associated with them in this venture. We have identified suitable locations and market opportunities for several more, similar biomass-diesel hybrid mini-grids made possible by attractive commercial tariffs and incentives offered by Tanzania's Rural Electrification Agency and the streamline permitting process offered by Tanzania energy regulator EWURA."
About Ruaha Power: The Company owns a 42.5% stake in Ruaha Power and is its single largest shareholder. Ruaha Power is committed to profitably developing and operating customized hybrid electrical power generation and isolated mini-grid distribution networks that supply underserved rural and small urban markets of Tanzania. In addition to its biomass-diesel hybrid Mini-Grid development, Ruaha Power is conducting a feasibility study on, a 25MW development of grid-connected generation capacity at potential run-of-river hydropower sites on Tanzania's Lukosi River.
About Husk
Husk is an award-winning clean energy company serving communities in Asia and Sub-Saharan Africa. In 2024, Husk was named one of Fast Company’s 50 Most Innovative Companies in the World, ranking #24 overall, and #1 in the energy category. In 2023, it was also named “World’s Best Challenger Brand” in the energy industry, and CEO Manoj Sinha was selected as a TIME 100 Most Influential Climate Leaders in Business. Husk’s AI-powered energy platform provides 24/7 renewable power to residential and commercial customers, institutions and small factories. It also delivers a range of other products and services, including e-commerce and credit-financing of branded appliances for home and commercial use, as well as community-based solutions for e-mobility and the agricultural value chain. Husk’s mission is to supercharge economic growth and social well-being in communities that are unserved and underserved.
Forward Looking Statements -Any statements in this news release that are not historical or factual at the date of this release are forward looking statements. Forward looking statements in this release include Ruaha Power's expectation to profitably develop and operate its Mini-Grids, its installation plans for its biomass-diesel hybrid Mini-Grids, the potential of its Lukosi River hydropower projects, and, the Company's expectations for Ruaha Power's future commercial performance. There are many factors which may cause actual performance and results to be substantially different from any express or implied plans, estimates, forecasts, expectations, or objectives described in any forward looking statements. The Company assumes no obligation to update the information in this release. No securities regulatory authority has either approved or disapproved the contents of this news release.
SOURCE Continental Energy Corporation
On behalf of the Company,
Robert V. Rudman, C.A.
Chief Financial Officer
News and Insights
News
Husk launches AI-enabled distributed energy resources (DER) platform, dedicated to powering prosperity for 30 million in the Global South
News
United Capital Infrastructure Fund (UCIF) and Husk announce ground-breaking local currency debt facility to scale solar minigrids in Nigeria
News
Olam Agri partners with Husk Power to advance sustainable energy in Nigeria’s agricultural sector
News
Husk Power and Acumen’s hardest-to-reach initiative partner to tackle energy poverty in the DRC with solar minigrids
News
Husk Power and AEDC partner to build Nigeria’s clean energy future with interconnected minigrids
News
Husk Power workforce soars 10 times to 1,000+ employees, leading minigrid industry in rural green energy job creation
News
Rural Electrification Agency (REA) of Nigeria and Husk Power Systems join forces to deploy 250MW of decentralized renewable energy projects
News
ElectriFI doubles down on Husk Power Systems with $4 Million investment, accelerating clean energy access in rural India
News
Husk Power closes $20 million in financing from the European Investment Bank (EIB) to scale in Nigeria
News
Husk Power Systems named to Fast Company’s annual list of the world’s most innovative companies of 2024
News
Husk Power CEO Manoj Sinha named to inaugural TIME most 100 influential climate leaders in business for 2023
News
Husk Power invites LDC governments in Sub-Saharan Africa to partner in scaling community solar minigrids
News
Husk Power Unveils New Brand Identity, Positions Company for Unstoppable Growth with Tech-Enabled Rural Energy Platform
News
Husk Power Systems and Smart Power India launch the “Pragati ki Aur” campaign to boost income of solar-powered, women-led MSMEs in rural India
News
Husk Power picks up speed in Nigeria: doubles its fleet to 12 community solar microgrids with more than 50,000 beneficiaries
News
EDFI ElectriFI signs microgrid debt facility with Husk Power Systems to drive net-zero economic growth in 80 new communities in rural India
News
Hotspot and Husk Power partner to take telecommunications infrastructure net-zero in rural Nigeria using solar microgrids
News
2021 corporate results: Husk Power Systems revenue jumps 45%, with rapid Africa expansion, and robust pipeline of shovel-ready solar microgrids
News
Husk Power Systems secures largest-ever debt finance for solar microgrids in rural India, receiving US$4 Million from IREDA to construct 140 Microgrids
News
Husk Power Systems hires cleantech & energy access executive William Brent as Chief Marketing Officer to expand rural energy services
News
At COP26, Husk Power Systems announces 7 ambitious targets to scale the rural energy economy and minigrids in Sub-Saharan Africa and South Asia by 2030
News
Husk Power Systems wins two Asian Power Awards for smart grid innovation and dual fuel minigrids in India
News
Rural energy leader Husk Power Systems launches solar hybrid minigrids in 6 Nigeria communities; targets more than 500 minigrids by 2026
News
Rural energy leader Husk Power signs agreements under Nigeria electrification project (NEP) to electrify 7 communities with solar hybrid minigrids
News
Husk Power CEO Manoj Sinha elected to governing body of CLEAN, India’s decentralized renewable energy industry association
News
Despite pandemic, Husk Power demonstrates resiliency with industry-leading financial results in 2020, doubling revenue and quadrupling business customers
News
Husk Power Systems – First Minigrid Company to Power 100 Communities & 5,000 Small Business Customers
