Business
Powerline Financing
Powerline Financing.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 2285S Edenville Energy PLC 22 June 2018 \n\n22 June 2018\n \nEDENVILLE ENERGY PLC\n(\"Edenville\" or the \"Company\")\n \n \nPowerline Financing\n \nEdenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, is pleased to note that it has been announced that US$455 million of World Bank funding has been approved for the Zambia-Tanzania-Kenya (ZTK) power transmission line. \nThis funding will allow the construction of high voltage power infrastructure, which specifically includes the transmission line from Sumbawanga to Tunduma and the associated Sumbawanga substation near to the Company's Rukwa project area in southwest Tanzania.\nEdenville believes that this news, in conjunction with the Company's operational mining activities, has the potential to be transformational for the Company's planned Rukwa Coal to Power project. It should now allow the Company to progress its integrated Rukwa Coal to Power Project with the intention to develop the facility alongside the role out of the new power line. The Rukwa Coal Project contains 170 million tonnes of Measured and Indicated JORC compliant coal resources and the mine has recently entered commercial production in early 2018. \nThe Company looks forward to providing further updates as appropriate. \n \nFor further information please contact:\n\n\n\n\n\n\n\n\n\n\n\nEdenville Energy Plc\nJeff Malaihollo - Chairman\nRufus Short - CEO\n\n\n+44 (0) 20 3934 6630\n\n\n\n\nNorthland Capital Partners Limited\n(Nominated Adviser and Broker)\nDavid Hignell\nJohn Howes\nJamie Spotswood\n\n\n \n+44 (0) 20 3861 6625\n\n\n\n\nOptiva Securities Limited\n(Broker)\nJeremy King\nGraeme Dickson\n\n\n+44 (0) 20 3137 1902\n\n\n\n\nIFC Advisory\n(Financial PR and IR)\nTim Metcalfe\nGraham Herring\nHeather Armstrong\n \n\n\n+44 (0) 20 3934 6630\n\n\n\n \n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END MSCEAXKAADSPEEF\n ","length":5055,"...