Edenville Energy plc (LON:EDL), the company developing a coal project in southwest Tanzania, has today announced that it has signed a contract with an East African industrial group for the supply of up to 4,000 tonnes of coal per month on the terms set out below:
· The contract duration is for a period of two years;
· coal will be supplied with a gross calorific value greater than 4,800 kCal/kg; and
· pricing, based on calorific content, has been agreed and is based on local commercial rates.
Edenville have been working with the Customer through 2018 to optimise the product and transport options. The upgrades currently being undertaken at the Company’s project site will ensure this contract along with our other customer deliveries can be met.
Commenting, Rufus Short, CEO of Edenville Energy Plc said, “I am very pleased our team have been able to work alongside this customer to ensure their needs are met and that the Company can look forward to supplying the Customer coal for at least the next two years. I look forward to providing further updates on the progress of the operation as we expand and enter into further contracts.”
