Edenville Energy PLC Tanesco Update (0449Q)
14 February 2019 - 10:39PM
UK Regulatory
TIDMEDL
RNS Number : 0449Q
Edenville Energy PLC
14 February 2019
14 February 2019
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Tanesco Update
Edenville Energy Plc (AIM: EDL), the AIM quoted company
developing a coal project in southwest Tanzania, has today received
a letter from Tanzania Electric Supply Company ("Tanesco") stating
that following the Company's submission of the documentation for
the Request for Qualification ("RFQ") for coal fired power
generation projects in Tanzania, as set out in the Company's
announcements of 22 October 2018, 2 November 2018, 8 November 2018
and 7 December 2018, the evaluation process of the submitted
applications has been completed and that Edenville did not qualify
in relation to the criteria set forth in the RFQ documents.
No reason has been provided by Tanesco for this decision and the
Company is currently engaged in discussions with Tanesco to seek
clarification as to the reasons behind this decision and to seek a
way forward. Further announcements will be made as appropriate.
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
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
David Hignell
Jamie Spotswood
Abigail Wayne +44 (0) 20 3470 0470
IFC Advisory Limited
(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
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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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