Not such good news for Kibo and Edenville energy. TANESCO have said they don't qualify for the next round of negotiations regarding selling of electricity from the mine mouth power projects.
I can't post the link for some reason but if you google Kibo, Edenville, coal, Tanzania in news you'll find it.
I doubt our share price would get smashed the same way if IEC suffered the same fate because the mine mouth power station has been a bit of a pipe dream for years.
There seems to be an ongoing theme of irrational decisions made in Tanzania.
How times have changed., page-3
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