Business
Recent Tanesco Announcement
Recent Tanesco Announcement.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 2448G Edenville Energy PLC 02 November 2018 \n\n2 November 2018\nEDENVILLE ENERGY PLC\n(\"Edenville\" or the \"Company\")\n \nRecent Tanesco Announcement - Notice of Cancellation of Tenders\n \nEdenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, would like to comment on the recent newspaper announcement by Tanesco which refers to the cancellation of specific tenders in relation to power supply.\n \nBelow is the text from the Tanesco announcement in today's Tanzanian press:\n \n\"This is to inform the general public that due to unavoidable circumstances and pursuant to Section 59 sub section 2(f) of the Public Procurement Act 2011 and its amendment 2016, TANESCO with immediate effect has cancelled the tender proceedings for the following invitations for qualifications Information (IFQs): - Tender Ref. No. PA/001/2018-19/HQ/N/032 for Qualification of Large Solar Power Generating Projects, Tender Ref. No. PA/001/2018-19/HQ/N/033 for Qualification of Coal Fired Generating Projects and PA/001/2018-19/HQ/N/034 for Qualification of Large Wind Power Generating Projects.\n \nThe abovementioned Tenders have been cancelled and remain annulled with immediate effect.\n \nThe Management is working on next cause of action to execute these Tenders.\n \nAny inconvenience that might be caused by this Notice is highly regretted.\n \nTHE MANAGING DIRECTOR TANZANIA ELECTRIC SUPPLY COMPANY LTD\"\n \n \nCommenting, Rufus Short, CEO of Edenville said, \"Whilst this announcement and its effect may delay the tender process we do not believe this to be a significantly negative situation for our project or the future of coal to power generation in Tanzania. It should be noted that all sectors, Coal, Solar and Wind have been cancelled at this time. Our initial enquiries to Tanesco imply technical issues to be resolved in order for the process to continue. Once Tanesco have resolved these areas we expect the process to continue. I would also like to make clear that this does not affect our recently commissioned mining operations at our Rukwa site which are continuing to grow to meet the demand for coal in Tanzania and the region.\" \n \n \nThis announcement contains inside information for the purposes of Article 7 of R...