LONDON (Alliance News) - Edenville Energy PLC shares were trading higher on Tuesday after the company said field activities have started for the power plant at the Rukwa coal-to-power project in Tanzania.
Edenville shares were up 8.2% to 0.0595 pence in morning trade Tuesday, one of the best performers in the AIM All-Share.
Edenville has started a water survey and sampling programme for the power plant at the site and will submit the environmental impact assessment for the plant once the definitive design has been confirmed.
"Edenville continues to advance the Rukwa coal-to-power project and the commencement of water monitoring and data gathering is another important step in collating the information necessary for the Power Plant Environmental Impact Assessment," said Chief Executive Rufus Short.
Short added that talks with engineering, procurement and construction partners for the project are ongoing.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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