LONDON (Alliance News) - Edenville Energy PLC on Wednesday said it has started the formal review process for the Rukwa Power Plant Feasibility with Tanzania's Ministry of Energy and Minerals and Tanesco, the country's power generation, transmission and distribution body.
Edenville said the formal process will review and assess proposed power generation projects in the country. The start of the review will mean Edenville can advanced in talks on power purchase agreement tariffs and plans the integration of its power plant into the Tanzanian grid.
Shares in the company were up 6.8% to 0.0694 pence in early trade, one of the best performers in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
