ESIA Update

RNS Number : 4122U

Edenville Energy PLC

18 January 2017

 

18 January 2017

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

ESIA Update

Edenville Energy plc (AIM: EDL) is pleased to announce that the second stage of the Environmental and Social Impact Assessment ("ESIA") for Company's integrated coal to power project in western Tanzania, the Scoping Study, has now been completed with the relevant documents being approved by the Tanzanian National Environment Management Council ("NEMC").

The final stage is completion of the main ESIA report which will include extensive data and consultation with the local community and stakeholders.  This comprehensive report will then be submitted to the NEMC for review and approval.  Subsequently, management believe that the ESIA process will then be complete subject to any specific recommendations or instructions.

It is planned the final stage of the ESIA is completed in parallel with the Bankable Feasibility Study (BFS) for the power plant.  An integrated approach will ensure all necessary technical, environmental and social considerations are taken into account when completing these specific areas.  We look forward to providing further updates as the work progresses towards completion.

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	[phone]
Northland Capital Partners Limited (Nominated Adviser) Gerry Beaney David Hignell	[phone]
Optiva Securities Limited (Broker) Jeremy King Graeme Dickson	[phone]
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong	[phone]

 

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