Name and Location
Rukwa coal-to-power project, Tanzania.

Client
Edenville Energy.

Project Description
A scoping study completed on the project has indicated an economically sound project with relatively low capital expenditure (capex) and a 50-year life-of-mine. A small-scale mine and power plant (coal-to-power) scenario to provide electricity for local markets has been identified as having the best balance for shareholder return, deliverability and achievable capital requirements.

The Rukwa coal-to-power project hosts 171-million tons of measured and indicated coal, sufficient to support a 120 MW power station over the life of the project.

Net Present Value/Internal Rate of Return
Not stated.

Value
The capex to deliver a combined mine and power plant is estimated at between $35-million and $50-million.

Duration
Not stated.

Latest Developments
Edenville Energy will raise £432 500 through the issue of 1.92-billion new ordinary shares at 0.0225p apiece.

The net proceeds from the subscription will be used for the advancement of mining development, including bulk sampling and analysis, at the  Rukwa project.

The funds will also be used for progressing regulatory requirements for mine and power development with Tanzanian government institutions, the progression of commercial discussions with power generation, transmission and distribution body Tanesco, and general working capital requirements.

Edenville chairperson and CEO Rufus Short and COO Mark Pryor have each subscribed for 44.44-million ordinary shares in the company.

Key Contracts and Suppliers
Runh Power Corporation (EPC).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Edenville Energy, tel +44 20 7653 9850 or email info@edenville-energy.com.
Runh Power Corporation, tel +82 531 835 30876 or email info@runh.com.