Dar es Salaam — Tanzania's annual power demand is expected to increase between 11% to 13% over the coming years.
This is largely due to a combination of a mounting electricity deficit, rapidly growing urbanisation and improving standards of living.
One study shows 'the demand for electricity is expected to increase from 925 MW to at least 3,800MW by 2025."
Much of Tanzania's electricity (approx. 60%) is generated from four hydro-powered stations which, in addition to the usual seasonal variations in rainfall, are experiencing an increase in the occurrence and intensity of droughts.
This significantly reduces Tanzania's generating capacity to between 25% and 45% during severe droughts. This causes extensive and severe power outages, a statement availed to East African Business Week reads.
In 2010, Tanzania had an installed electricity generation capacity of 887 MW, only 660 MW of which was available to the Grid. In the same year, electricity demand exceeded available capacity by 33.2%.
In the last seven years the Tanzanian electricity industry has achieved limited success in diversifying its energy feedstock mix and it is recognised that coal fired power electricity generation will play a major role in the future.
The Minister for Mineral Resources, Prof Sospeter Muhongo has said coal-based power is scaleable and flexible enough to plug any gaps in generating capacity.
Earlier this year, Prof. Muhongo said independent power producers cost Tanzania Electric Supply Company (TANESCO) Tsh27 billion ($16 million) every month.
TANESCO is the country's power utility and fully owned by the government.
According to the World Coal Association, coal-fired power is the most widely used means of electricity generation in the world, providing 41% of global electricity.
"Coal fired power stations have a relatively low capital cost, construction time is relatively short and, at the end of operations, have low remediation costs," he said.
Edenville Energy is exploiting the Rukwa coalfields in eastern Tanzania.
Success would help diversify Tanzania's energy feedstock in partnership with a power provider. Progressing Tanzania's brownfield Rukwa Coalfields towards a commercial development decision such as the Rukwa Coalfields - Mkomolo, Namwele and Muze projects - previously mined, near-surface coal deposits.
that there was a 50m Bid otb at well below the market price for months waiting to catch, a then considered sudden drop. It has been removed by whoever, which mean at least they are not expecting the sp to dive.
Also, what you can see on the L2 book is current positions as they stand from minute to minute. What you cannot see/or know is who holds those positions, or more important if you work out who 'abc' is, you have no way of telling if they are mm's, because not all mm's make themselves known to the likes of us. If I put in an order to buy or sell 50m tomorrow and it is below the Bid or Above the Ask it will show otb, but you won't know it's me, and there is no way you could find out. There are also Iceburgs which I do have in place, but are never shown until dealt.
What the mm's do and how and when they do it is only known by each individual mm. It's a game of Chess!!
So 'The Book' only shows current pending orders, nothing at all about mm's positions.
Placing completed of 416,666,666 new ordinary shares at a price of 0.06 pence raising Â£0.25 million, June 2014... I recon these are now sold into the market hence aerial's comment earlier that the order book is different now. If done then we can expect more fluidity.
Lol I don't really watch the daily movements for any stock I hold,....if I need a real time price there are plenty of free ways.... Such as money am..... I just usually set up alerts on my phone if I'm lookin for a price to buy in at or a price to sell at... And also for rns ..... It would be good to see the order book occasionally but I did ok without it so far.....im a tight git :p
Around 4 months ago if I recall correctly. I don't want to get anyone overly excited however, if you can keep an eye on EDL then please do... My personal opinion is that we may just start seeing movement and interest developing. Time to start adding DYOR to my posts :-)
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