144MW Hydropower Development Opportunity in Mufindi,

Tanzania.
Expression of Interest
Full financing and Development of Mpanga 144MW Hydro-Power project in Mufindi, Tanzania.

Greenovate Energy here in after (“Facilitator”) on behalf of Mufindi Wood Plantation & Industry Limited here in after (“ Mufindi”)
are facilitating the possibility of financing and developing a 144MW Mpanga Hydropower project and sell power to the government of
Tanzania utility company-TANESCO.

Mpanga Hydropower Project is located on the Mpanga River, a tributary of Rufiji, the largest river in Tanzania. The total installed
capacity is proposed to be 2*80MW. In 1984, a consultant accomplished the Rufiji Basin Hydropower Master Plan. In the Mast Plan,
a consultant put forward a general layout scheme for Mpanga Project, and estimated the project cost. In the last century, the project
was intended to build for the main purpose of power generation as well as irrigation.

The owner of this project is a Tanzanian Private incorporated Company called Mufindi Wood Plantation & Industry Limited.

This is an important information regarding this project

1. This project will be owned jointly by an Investor/developer who will finance and develop it together with Mufindi and together
they will be negotiate the power off taking agreement (PPA) to sell power to utility company-TANESCO.
2. This opportunity is unsolicited therefore facilitator company is the one baring all facilitation responsibility to
project realization under the first come first served model.
3. PPA price due for negotiation between TANESCO and joint Developers.
4. Water and Land Rights/permits available.
5. Environmental Impact Assessment Done (EIA) and Certificate Issued June, 2019.
6. Feasibility Studies done twice in 2010 and 2007 by Norwegian and Chinese firms consecutively.
7. Investor to meet Mufindi’s designated team from TANESCO and Ministry of energy to discuss financing structure and PPA
terms.

For interested Developers and Investors

You will need to send an EOI letter to the address below.

More proper guidance to be provided by facilitator who will introduce an investor to Mufindi once the LOI/EOI
letter is received by facilitator’s team: Frank Isinika isinikafrank@hotmail.com +255745888886 and
Mr. Prince Mugisha prince.mugisha@gmail.com +255713960106.

The facilitator will forward an invitation letter and introduce an investor to Mufindi and Facilitator will work with
Mufindi to invite an investor into a deep discussion on the project terms of engagement to construction phase.

Prospective Developer’s Minimum Requirements:

In order to pre-qualify, interested parties must:

1. Demonstrate its ability to finance and then Build, Operate and Own the plant with Mufindi.
2. A commitment to construct (EPC competence) and commission the power plant within the shortest period time frame
possible after contract award (upon execution of the Power Purchase Agreement).

Documents and other pertinent details to be submitted:

1. EOI letter to address below.

 2. Documents/Profile detailing competence of the developer in executing similar projects
3. In the case where the developer is a consortium, a list of the members and the estimated percentage of funding to be granted by
each, including the proposed ownership structure.
4. Brief outline of the methodology for implementation of the proposed project
5. Experience in the field for this type of project and brief detail of qualifications of key team members to be deployed.

EoI Submission Schedule

The Expression of Interest must be submitted to:

ATTENTION: MR. GODFREY K.

MOSHA, MANAGING DIRECTOR,
MUFINDI WOOD PLANTATION &
INDUSTRY LTD, P.O BOX 215,
MAFINGA, IRINGA REGION,
TANZANIA.

Preliminary Examination of EoI’s

Upon receipt of EOI, Mufindi will work with Facilitator to evaluate investor LOI/EOI and next steps will officially be communicated
on mail.

Important Agreements

A serious Investor and facilitator will sign an NDA/ non circumvention/ working agreement that will bind the parties
together and to treat all information shared in high confidentiality.

DISCLAIMER
This document is provided for information purposes only has not been filed, lodged, registered or approved in any
jurisdiction and recipients of this document should keep themselves informed of and comply with and observe all
applicable legal and regulatory requirements. The facilitators do not make or give any representation, warranty or
guarantee, whether express or implied, that the information contained in this document or otherwise supplied to an
interested party (“Information”) is complete or accurate or that it has been or will be audited or independently
verified, or that reasonable care has been or will be taken by them in compiling, preparing or furnishing the
information. This document contains estimates and forward looking statements. All estimates and forward looking
statements are subject to uncertainty and unexpected events, many of which cannot be anticipated or controlled.
Accordingly, actual results are likely to differ from the estimates and forward looking statements, and the
differences may be material. The document may not be relied upon in any way by the interested party in assuming
any contractual or other obligation or liability in relation to an acquisition of the project. This document is provided
on the basis that the interested party should not treat this document as advice relating to legal, taxation or
investment matters and will carry out its own independent inquiries and assessment of the Information and makes
its own independent decisions about the evaluation of the investment opportunity. The facilitators do not accept
any responsibility for any inference, interpretation, opinion or conclusion that an interested party may draw from
the Information. In consideration of the parties making available this document to the recipient, the recipient agrees
that the contents of this document should be kept confidential and may not be photocopied, reproduced in whole or
in part or distributed to any other person at any time without the prior written consent of the facilitators.