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Edenville reports positive meetings in Tanzania

By BFN News | 08:09 AM | Wednesday 08 July, 2015


Edenville Energy's board is very pleased with the positive nature of recent meetings in Tanzania with Shandong Electric Power Construction No.2 Co. Edenville says that during the week of 29 June the first in a series of planned meetings took place in Dar es Salaam, with management and directors of Edenville meeting SEPCO2. Additionally, senior representatives of SEPCO2 and Edenville took part in discussions with Tanzanian government organisations, engineering contractors and construction material suppliers. Edenville says the meetings were very productive, allowing SEPCO2 to gain an insight into the logistics and costs associated with a Tanzanian project. Both parties will continue discussions in the coming weeks under a defined framework for advancement of the Rukwa Coal Project in the context of Tanzania's requirement for coal-based power generation. Chief executive Rufus Short said: "The meetings in Tanzania have given SEPCO2 a detailed understanding of the costs along with the technical and regulatory parameters associated with the Rukwa coal to power project. "The directors of Edenville have gained a greater understanding of how SEPCO2 operates and we are very encouraged by their knowledge and experience in developing coal fired power plants in the region. "On a macro scale, elements of the project are coming together with continued support for coal based power generation from the Tanzanian government. At a project level, the mining licence application was submitted at the end of June, another important step in de-risking the project and we continue to determine the best option for project development as we progress discussions with SEPCO2 and other groups. "The board are very pleased with the positive nature of the recent meetings in Dar es Salaam and will continue to update our shareholders with material developments as they occur." At 8:09am: (LON:EDL) Edenville Energy PLC share price was 0p at 0.08p Story provided by StockMarketWire.com

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