Edenville Energy Plc (LON:EDL) chief executive officer for Edenville Energy plc Rufus Short talks to DirectorsTalk about its agreement with Sinohydro Corporation. Rufus explains the significance to Edenville, how the partnership came about, how the Rukwa Coal Project is progressing and thoughts on the next few months of development for the company.
Sinohydro have been present in Tanzania since 2005 and has completed several construction contracts in road, water, and transport infrastructure. It is active in many African countries and has been responsible for the construction of coal and hydropower power plants, road construction and associated infrastructure in Kenya, Uganda, Zimbabwe and the DRC. Sinohydro has been the strategic cooperation partner of major Chinese financial institutes including China Exim Bank, China Development Bank, Sinosure and ICBC. With its deep understanding and relationship with Chinese funding organisations Sinohydro has also successfully assisted foreign governments and relevant authorities in obtaining funds from China for major development and infrastructure projects.
Edenville Energy plc is the holding company of a mineral exploration and development group focusing on energy commodity opportunities in Africa. The Group is led by a management team who have international experience of energy minerals and mining in emerging markets worldwide. The Group’s objective is to undertake mineral exploration of its portfolio of assets and ultimately to increase the value of its assets through the development of these resources and where appropriate, commence production of these economically feasible assets. The Group’s strategy will focus on working with local partners who will be actively engaged in the process of exploration. The Directors will utilise both internal and external expertise to develop the mineral assets while maintaining a disciplined asset and cost base.