Update on Rukwa power plant

Edenville Energy has started the formal review process of the Rukwa power plant feasibility with Tanzania’s Ministry of Energy and Minerals (MEM) and Tanesco (the state boddy for power generation, transmission and distribution).

The review evaluates and assesses the proposed power generation projects in order to meet commercial and regulatory requirements.

The study will enable the company to move forward with negotiations regarding power purchase agreement (PPA) tariffs and plan the integration of its power plant into Tanzania’s transmission and distribution infrastructure programme.

Rufus Short, CEO of Edenville, stated: "We now see Edenville's Rukwa coal to power project making significant progress in three area: the MEM/Tanesco review of the power plant feasibility study, the submission of the mining licence application and discussions with EPC partners. We're moving forward on these fronts in parallel – each allowing better definition of the project's economic and technical parameters, taking us closer to the point of a formal relationship with an EPC partner. I am very encouraged by the recent discussions we had with the MEM, which underlined the absolute necessity of coal-fired power generation in Tanzania and I am confident we will continue to receive valuable input and support from the Tanzanian authorities. We will continue to update our shareholders on key developments as they occur."

Edited from Source: London Stock Exchange by Harleigh Hobbs

Read the article online at: https://www.worldcoal.com/exploration-and-development/15072015/update-on-rukwa-power-plant-2563/