JOHANNESBURG (miningweekly.com) – Aim-listed Edenville Energy has established a new company Edenville Power Tanzania to advance the power plant project that forms part of its Rukwa coal-to-power project.
The 100% owned subsidiary company would be the principal vehicle to advance the power plant along its path to development, construction and operation.
This was one of various milestones achieved by Edenville in recent months, said chairperson and CEO Rufus Short.
“The project has now reached the critical point where the technical, financial and commercial requirements can be completed, in line with the timeframes and conditions set out by the Tanzanian authorities, as we also seek to secure project finance,” he added.
The project concept note (PCN) on the power plant development, which started in July last year as part of the formal review process, had been reviewed and accepted by the Tanzania Electric Supply Company (Tanesco).
This would allow the company and Tanesco to move to the next stage of the power plant development process, Edenville said in a statement.
Further, registration of the environmental-impact assessment (EIA) certificate application and project brief for the power plant had been completed with the National Environment Management Council (NEMC).
This included submission of the appropriate details concerning the fuel source for the project. As the coal mine predevelopment work was now significantly advanced with both an EIA and the mining licence granted, Edenville expected to complete the NEMC requirements on the fuel source soon.
Following this, work would be focused on completing the EIA application to gain full environmental compliance for the power plant.
Meanwhile, Edenville said consultants Rockface Capital had made progress to find suitable partners and capital to advance a combined coal-to-power project at Rukwa.
Rockface was in discussions with a number of power plant developers from China, the US and Europe and site visits with interested parties were starting.