Business
Expression of Interest signed
Expression of Interest signed.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 3019J Edenville Energy PLC 11 June 2014 \n\n \n11 June 2014\n \nEDENVILLE ENERGY PLC\n \n(\"Edenville\" or the \"Company\")\n \nExpression of Interest signed \n \n \n \nEdenville Energy plc (AIM:EDL), the African coal exploration and development company, is pleased to announce that after extensive due diligence and discussions relating to the development of its Rukwa Coal-to-Power Project in Tanzania, a non-binding Expression of Interest ('EOI') has been received from the Engineering, Procurement and Construction division of a multi-national conglomerate company, a prominent engineering and technology group headquartered in East Asia (the 'Interested Party'). \n \nThe EOI outlines the Interested Party's intention to partner with Edenville in the development of this integrated mining and clean coal power station at the Company's Rukwa Coal Project, western Tanzania, subject to certain conditions and milestones being met. \n \nThe Interested Party has a well-established capability and track record in the design and construction of major engineering projects globally, including Africa. Particularly relevant to Edenville is the delivery of turnkey operations in the mining, power generation and transport / logistics sectors. \n \nDue diligence and review work has included, inter alia, desk studies, documentation reviews, technical review, commercial assessment, external data verification and site visits. A third-party, specialist consultancy has produced a comprehensive report which includes a suggested development framework to progress the project through the next stages. \n \nThe potential project size is significant and in line with Edenville's stated strategy of delivering a power facility of >100MW. Of particular note is the potential clean coal status, in addition to utilising a portion of locally-generated biomass in support of carbon credit trading. The suggested equipment for the power station incorporates latest clean coal technology to treat the fuel and waste products, including the Circulating Fluidised Bed process in conjunction with Flue Gas Cleaning to meet international emissions standards. The option of utilising excess heat to help support the production of construction materials adds potential for expand...