Edenville Energy still working on handover in Tanzania
Edenville Energy updated the market on its operations at the Rukwa Coal Project in southwest Tanzania on Wednesday, reporting that it was continuing to work with its strategic partner Infrastructure and Logistics Tanzania (ILTL) on the proposed handover of operations at Rukwa.
The AIM-traded firm said it would update shareholders further as soon as a formal handover date is agreed.
In the interim period, the company said it was satisfying existing contracts, and was pursuing additional contracts with both existing and potential customers.
“In addition, the company has received new East African enquiries regarding power generation capacity, and is continuing discussions with the Tanzanian government regarding a future power plant development at Rukwa,” the board added in its statement.
At 1138 GMT, shares in Edenville Energy were up 1.49% at 34p.