https://www.navalimited.com/investors/f ... l-reports/
Extrait de la partie concernant Maamba:
MAAMBA ENERGY LIMITED (MEL) (formerly known as MAAMBA COLLIERIES LIMITED)
MEL is a step- down subsidiary of the group in Zambia with NBS holding 65.0% of the equity stake while 35.0% is held by ZCCM Investments Holdings PLC., (ZCCM-IH) a Government of Zambia undertaking. MEL pursues businesses of coal and energy sale in Zambia and holds strategic financial and operational position in the consolidated financials of the Company. MEL fully repaid accrued interest and significant amount of shareholder loans to both the sponsors thereby reducing the group investment exposure to ₹ 124,531 Lakhs (US$ 145.5 Million) from ₹ 217,407 Lakhs (US$ 261.0 Million) as in March 2024. The total income and PAT for the year were US$ 245.2 Million and US$ 115.5 Million respectively compared to US$ 259.8 Million and US$ 112.3 Million. The previous year income was higher with the exceptional item of insurance claim of US$ 14.0 Million received during the previous year. Post the closure of financial year, MEL Board has declared final dividend of US$ 50.0 Mn for FY 2024-25, subject to shareholders approval and further has fully repaid shareholder loans to the sponsors in Apr 25.
Energy
The 300 MW power plant sustained the high plant availability and PLF of 90.1% and 89.8% respectively for FY25. Generation made was 2,360 MUs all supplied to the local utility ZESCO Limited after allowing for auxiliary consumption and transmission losses. During the year, MEL took up the brown field expansion of the power plant by additional 300 MW (150 MW x 2) with target commissioning date of one unit by Aug 2026. The project has a capital outlay of US$ 400 Million, with a debt of US$ 300 Million and equity of US$ 100 Million to be funded by both the sponsors. • Signed a 20 year Power Purchase Agreement with ZESCO – year 1 tariff to be US$ 9.5 cents/kWh • Tie-up for long term debt achieved without any recourse to the sponsors • Project construction has commenced in Sep 2024 and orders have been placed for all major equipment of turbine and generator
Coal mining
The external coal sales have declined by 9.3% to 442,728 MT with the power outages for industrial consumers in Zambia. The revenue was sustained with the increase in transfer price for the coal transferred to power plant while the profitability increased with savings in mining and financing costs. The Zambian coal realizations, however, cannot be compared to high international index prices as Zambia is a land locked country with much higher road transport charges and existence of a geographical limitation as opposed to high value minerals like copper.
MAAMBA SOLAR ENERGY LIMITED (MSEL) As part of the group’s diversification strategy into renewable energy, MSEL was incorporated on January 28, 2025 and is a step-down subsidiary in Zambia with 100% equity holding by MEL. The group is developing 100 MW solar project in Zambia with an initial estimated cost of US$ 90.0 Million. The status of the project is:
• Feasibility and grid impact studies have been completed
• Executed 20 year Power Purchase Agreement with ZESCO at a tariff of US$ 7.80/kWh
• Initiated discussions for the debt funding • Identifying the potential EPC Contractors and equipment suppliers
Fort instructif!keskec a écrit :https://www.navalimited.com/investors/financials/annual-reports/
Extrait de la partie concernant Maamba:
MAAMBA ENERGY LIMITED (MEL) (formerly known as MAAMBA COLLIERIES LIMITED)
AFRICA: A PLATFORM
FOR SCALABLE GROWTH
Zambia has become a pivotal
geography in Nava’s growth model.
Maamba Energy Ltd., which supplies
base load power to Zambia’s national
grid, operated at a PLF of 90% during
the year.
By April 2025, MEL had fully
settled all financial obligations to its
sponsors – amounting to US$196 million
paid since April 2024 –
and declared a US$50 million dividend,
reflecting a
new phase of financial maturity and
operational independence in Nava’s
overseas business.
Construction of the 300 MW Phase-2
expansion is underway with a total
project outlay of US$400 million (Debt
& Equity). Commissioning is targeted for
August 2026.
Nava also commenced its renewable
energy transition through Maamba Solar
Energy Ltd., which signed a 20-year
PPA with ZESCO Limited for a 100 MW
Solar Power Plant.
300 MW Phase-2
US $400Mn
Outlay
1
FOR SCALABLE GROWTH
Zambia has become a pivotal
geography in Nava’s growth model.
Maamba Energy Ltd., which supplies
base load power to Zambia’s national
grid, operated at a PLF of 90% during
the year.
By April 2025, MEL had fully
settled all financial obligations to its
sponsors – amounting to US$196 million
paid since April 2024 –
and declared a US$50 million dividend,
reflecting a
new phase of financial maturity and
operational independence in Nava’s
overseas business.
Construction of the 300 MW Phase-2
expansion is underway with a total
project outlay of US$400 million (Debt
& Equity). Commissioning is targeted for
August 2026.
Nava also commenced its renewable
energy transition through Maamba Solar
Energy Ltd., which signed a 20-year
PPA with ZESCO Limited for a 100 MW
Solar Power Plant.
300 MW Phase-2
US $400Mn
Outlay
1