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Edenville sets up new unit for power project

By BFN News | 09:12 AM | Friday 27 May, 2016

Edenville Energy has set up a new subsidiary - Edenville Power Tanzania Ltd - to advance the Rukwa coal to power project in south-west Tanzania. Edenville also says the project concept note for the power plant has been accepted by Tanesco and the environmental impact assessment registration application and project brief for the power plant have been submitted. Chairman and chief executive Rufus Short said: "Over the past several months we have achieved several key milestones, with the Company, alongside Tanesco, establishing the framework to move the Rukwa Coal to Power Project forward with the completion of the PCN review process. "The project has now reached the critical point where the technical, financial and commercial requirements can be completed, in line with the timeframes and conditions set out by the Tanzanian authorities, as we also seek to secure the project finance. The completion of both the EIA and Mining Licence for the mine allows the power plant section of the project to proceed at a faster rate as a large proportion of the obligations concerning the fuel source have been completed." At 9:12am: (LON:EDL) Edenville Energy PLC share price was +0p at 0.03p Story provided by

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