The IPP licence will give Lemur the right to build, own and operate a coal-fired power plant within 10km of its Imaloto project.
The company has retained the services of Trinity International to assist with the IPP.
Trinity is a London and Perth-based niche law firm with an experience base of over 500 transactions in Africa, with a strong focus on the power sector. It has also had Madagascar-specific experience.
The company continued its engagement with engineering and environmental service providers during the September quarter to advance the IPP.
“It is anticipated that these service providers will be formally engaged upon receipt by the company of the IPP licence,” the company said.