Business
Power Project Update
Power Project Update.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 4700Z Edenville Energy PLC 27 May 2016 \n\n27 May 2016\n \nEdenville Energy plc\n(\"Edenville\" or the \"Company\")\n \nPower Project Update\n \nEdenville Energy plc (AIM: EDL), is pleased to provide an update on the Company's Rukwa Coal to Power Project, located in southwest Tanzania. \n \nHighlights:\n· New subsidiary established to advance the power project\n· The Project Concept Note for the power plant accepted by Tanesco\n· Environmental Impact Assessment registration application and Project Brief for the power plant submitted\n· In discussions with a number of power plant developers that could finance the project up to construction and potentially part of the construction cost\n· A site visit with two of the interested groups are now commencing\n \nSignificant progress has been made over recent months on several areas of the power plant development process. A new Tanzanian company, Edenville Power Tanzania Ltd (\"EPTL\") has been established to advance the power project. EPTL is 100% owned and controlled by Edenville and will be the principal vehicle to advance the power plant along its path to development, construction and ultimately operation.\n \nThe Project Concept Note (\"PCN\") on the power plant development, which started in July 2015 as part of the formal review process, has subsequently been reviewed and accepted by the Tanzania Electric Supply Company Ltd (\"Tanesco\"). Since the October 2015 election, Tanesco has reviewed many of its requirements and the Company has been working alongside Tanesco to meet these requests. Updated documents, including the PCN, have now been reviewed and accepted by Tanesco. This completed milestone allows both the Company and Tanesco to move to the next stage of the power plant development process. \n \nRegistration of the Environmental Impact Assessment Certificate (\"EIA\") application and Project Brief for the Power Plant has been completed with the National Environment Management Council (\"NEMC\"). The Power Plant project is now registered with NEMC and is currently proceeding with the process towards full environmental compliance. This includes submission of the appropriate details concer...