Edenville Energy jumps as review process for Tanzania project begins

(ShareCast News) - Shares in Edenville Energy jumped almost 8% on Wednesday, after the coal and uranium developer said it had begun the formal review process of the Rukwa Power Plant Feasibility in Tanzania.Along with the country's Ministry of Energy and Tanesco, Tanzania's power generation, transmission and distribution body, the London-listed group will assess the proposed power generation projects in the country.In a statement released on Wednesday, Edenville said the beginning of the review process will allow it to make forward steps in the negotiations over purchase agreement tariffs, adding it intends to implement its power plant into the Tanzanian grid.Edenville shares were up 7.69% to 0.0700p at 15:49 on Wednesday.