IEC 0.00% 0.1¢ intra energy corporation limited

What is the deal with TANESCO? I see this on iec's website but...

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    What is the deal with TANESCO? I see this on iec's website but think it's redundant now noting mou with sinohydro?!?:

    March 2012 IEC signed a MOU with Tanzania Electric Supply Company Limited (“TANESCO”) for the development of a 120MW (nett) coal-fired power station in close proximity to the Tancoal mine.
 
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