Danakali
potash
ASX-listed Danakali and its JV partner have appointed Inglett and Stubbs International as the preferred power provider for the Colluli potash project.

The appointment by Danakali and the Eritrean National Mining Corporation follows a competitive tendering process using a build-own-operate-transfer model.

In January 2017, expressions of interest were received from power providers based in the Middle East, Australia, Africa, the United States and the United Kingdom.

The shortlisted parties formally bid in a competitive tendering process based on the technical specifications determined in the definitive feasibility study.

The bids were received in April, and subsequent evaluation of the proposals received demonstrated very close alignment with the power generation costs determined in the definitive feasibility study.

Work will now commence on further refining and optimising the proposal and aligning the final requirements to the front-end engineering design outcomes prior to finalising commercial terms of the engagement.

“We are very pleased to have identified  Inglett and Stubbs International as the preferred power provider for the Colluli project and look forward to working with them on refining the proposal and integrating it with the outcomes of the front-end engineering design work,” says Danakali MD, Paul Donaldson.

“We are also very pleased with the close alignment between the DFS estimates and the proposals received.”