Chinese group mulls codevelopment of Tanzania coal-fired project

Aim-listed Edenville Energy and Chinese State-owned hydropower engineering and construction company Sinohydro Corporation have signed a memorandum of understanding (MoU) for the codevelopment of Edenville’s integrated Rukwa coal-to-power project, in western Tanzania. The MoU, which is valid for 18 months and gives both companies exclusive rights to work with each other on the project, sets out the basic terms for the parties to build a strategic partnership and is aimed at the establishment of a formal joint venture (JV) contract.