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Northland Capital Partners Limited Morning Report: Edenville Energy (LON:EDL)

From Friday: Powerline Financing

NORTHLAND VIEW

Edenville Energy notes that the World Bank has approved a US$455m funding package for the Zambia-Tanzania-Kenya power transmission line.

This funding package allows the construction of high-voltage power infrastructure, which includes the transmission line from Sumbawanga to Tunduma and a substation near to Edenville Energy’s Rukwa Coal Project. This is positive news for Edenville that should now allow the Company to advance its integrated Rukwa Coal-to-Power Project alongside the development of this new power line.

COMPANY DESCRIPTION

Edenville Energy is moving the Rukwa Coal Project towards near-term production alongside advancing its Coal to Power Project.

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