Edenville Energy plc (AIM: EDL), the company focussed on developing a coal-to-power project in south west Tanzania, has told DirectorsTalk of its audited results for the year ended 31 December 2015.
Highlights
– Power Plant Feasibility Study published
– Board reorganisation to reflect the future needs of the business
– Mining Licence application submitted
– Continued exploration programme to better define extensions to the Company’s Rukwa coal project
– Collaboration Agreement with Runh Power of China to assist the development of the Company’s coal-to-power project
– Significant progress made in all areas of the project
Post Period Highlights
– Mining Licence for Mkomolo granted on the 23 February 2016
– Registration of a new Tanzanian company, “Edenville Power TZ Ltd”, to assume responsibility for the power plant portion of the project
– Site preparations starting
Rufus Short, Chairman and CEO of Edenville Energy, commented: “2015 was a year of significant progress for Edenville. The Company has significantly advanced its Rukwa Coal to Power project, with government support for our project evidenced by the recent granting of the Mining Licence. We have a clear framework for project development and the team at Edenville remain focused on achieving all milestones in parallel with the Tanzanian government’s stated aim to roll out supporting power distribution infrastructure in south western Tanzania.”
