Latest Tanesco Announcement

RNS Number : 7031G

Edenville Energy PLC

08 November 2018

 

8 November 2018

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Latest Tanesco Announcement - RE ADVERTISEMENT OF TENDER No. PA/001/2018-19/HQ/N/033 Invitation for Qualification (IFQ)

Edenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, would like to comment on the latest newspaper announcement and subsequent Invitation for Qualification (IFQ) by Tanzania Electricity Supply Company ("Tanesco") which refers to specific tenders in relation to power supply.

After being cancelled on 2 November 2018, the tender process for coal fired power generation is now restarted, according to announcements in the Tanzanian press and the subsequent release of documents by Tanesco.

The Edenville group of companies has been invited to either retain their original application which was opened and accepted at the Tanesco headquarters on 19 October 2018 or alternatively to submit a new application by the morning of 7 December 2018 in line with the requirements outlined in the Tanesco Request for Qualification (RFQ) documents. We understand at this point these documents have not materially changed.

Commenting, Rufus Short, CEO of Edenville said, "It is very encouraging that the tender process has now resumed after such a short delay. I should make it clear that our application was submitted and accepted on 19 October 2018 in line with the specific requirements laid down by Tanesco. The Company will however examine the newly released Tanesco documents and determine whether to retain our original submission or submit new documentation by 7 December."

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 and Broker) David Hignell Gerry Beaney Jamie Spotswood	[phone]
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong	[phone]

 

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