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Edenville update on Rukwa project

By BFN News | 09:09 AM | Wednesday 13 July, 2016


Edenville Energy has issued an update on its Rukwa coal to power project, in south-west Tanzania. Edenville says work has started on the next stage of the power plant environmental and social impact assessmen. During Q3, Edenville, along with its consultant Tansheq, will be working to progress the necessary requirements needed to meet the standards of the Tanzanian National Environment Management Council. This includes areas such as consultation with relevant institutions, both governmental and commercial, along with stakeholder consultation and reviews focused on flora, fauna and socio-economic impacts. This comprehensive work programme will then feed into the report requirements needed to complete the ESIA application process. Assuming other parts of the application process can be advanced in a timely manner, management expect the ESIA application process work to be completed in H1 2017. Work on the upgrading of existing access routes and the creation of new roads at the project site is largely complete. Upgrade work on approximately 17km of roads in and around the project site has been completed, along with new access to the proposed site of the power plant. Additionally, rejuvenation of local roads has taken place as part of the Company's Corporate Social Responsibility ("CSR") programme. Routine maintenance will continue as necessary and the improved access allows further pre development work to be accessed and completed more easily. The recent site work further demonstrates the Company's continued commitment to moving forward with both the mining and power components of the project. Edenville says preparation work has been completed for bulk sampling at the Mkomolo deposit. Excavation is planned to take place at the start of August with a sample batch being transported to Johannesburg, South Africa, for treatment and analysis by SGS, a highly respected international laboratory company. The results will subsequently feed into design work for both the power plant combustion process and any associated coal treatment or washing facilities to service the proposed power plant. Edenville says that following several recent meetings in Tanzania, discussions on both equipment supply for the power plant and selection of suitable EPC groups for construction and operation of the project are reaching a more advanced stage. All the supply and EPC groups Edenville has engaged with have the capability to either directly or indirectly invest in the development of the project. Edenville says: "Once Tanzania Electric Supply Company Ltd has defined its requirements for the projects key parameters more fully we would expect to move to a formal arrangement with one or more of these groups. "Whilst the timing of this is outside the control of the Company, we will update the market as soon as more information is available. The Company is also continuing to review engineering options with Runh Power of China with whom we have a non-exclusive collaboration agreement." At 9:09am: (LON:EDL) Edenville Energy PLC share price was +0p at 0.02p Story provided by StockMarketWire.com

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