Edenville Energy PLC Recent Tanesco Announcement (2448G)
03 November 2018 - 2:51AM
UK Regulatory
TIDMEDL
RNS Number : 2448G
Edenville Energy PLC
02 November 2018
2 November 2018
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Recent Tanesco Announcement - Notice of Cancellation of
Tenders
Edenville Energy plc (AIM: EDL), the company developing a coal
project in southwest Tanzania, would like to comment on the recent
newspaper announcement by Tanesco which refers to the cancellation
of specific tenders in relation to power supply.
Below is the text from the Tanesco announcement in today's
Tanzanian press:
"This is to inform the general public that due to unavoidable
circumstances and pursuant to Section 59 sub section 2(f) of the
Public Procurement Act 2011 and its amendment 2016, TANESCO with
immediate e ect has cancelled the tender proceedings for the
following invitations for qualifications Information (IFQs): -
Tender Ref. No. PA/001/2018-19/HQ/N/032 for Qualification of Large
Solar Power Generating Projects, Tender Ref. No.
PA/001/2018-19/HQ/N/033 for Qualification of Coal Fired Generating
Projects and PA/001/2018-19/HQ/N/034 for Qualification of Large
Wind Power Generating Projects.
The abovementioned Tenders have been cancelled and remain
annulled with immediate effect.
The Management is working on next cause of action to execute
these Tenders.
Any inconvenience that might be caused by this Notice is highly
regretted.
THE MANAGING DIRECTOR TANZANIA ELECTRIC SUPPLY COMPANY LTD"
Commenting, Rufus Short, CEO of Edenville said, "Whilst this
announcement and its effect may delay the tender process we do not
believe this to be a significantly negative situation for our
project or the future of coal to power generation in Tanzania. It
should be noted that all sectors, Coal, Solar and Wind have been
cancelled at this time. Our initial enquiries to Tanesco imply
technical issues to be resolved in order for the process to
continue. Once Tanesco have resolved these areas we expect the
process to continue. I would also like to make clear that this does
not affect our recently commissioned mining operations at our Rukwa
site which are continuing to grow to meet the demand for coal in
Tanzania and the region."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
Edenville Energy Plc
Jeff Malaihollo - Chairman
Rufus Short - CEO +44 (0) 20 3934 6630
Northland Capital Partners Limited
(Nominated Adviser and Broker)
David Hignell
Gerry Beaney
Jamie Spotswood +44 (0) 20 3861 6625
IFC Advisory
(Financial PR and IR)
Tim Metcalfe
Graham Herring
Heather Armstrong +44 (0) 20 3934 6630
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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