Tanzanian Regulatory Authority Grants Artumas a 15 Year Licensing Exemption for the Mtwara Energy Project
(Thomson Reuters ONE) -
Artumas today announced that it has been granted a 15 year licensing exemption
by the Electric and Water Utilities Regulatory Authority (EWURA) in Tanzania.
This 15 year licensing exemption allows the regional power generation and
distribution development project, known as the Mtwara Energy Project (MEP) to
proceed in accordance with the 15+ year franchise and exclusivity provisions
granted in the long term contracts with the Tanzanian Government (completed
2009).
The exemption does not, in any way, relieve the Company from normal annual
regulatory scrutiny of its tariffs and service quality.
The MEP is geared toward the provision of reliable power to over 45,000
residents of southern Tanzania, and industrial customers expected to locate
within the region.
According to Cameron Barton (President and CEO), "Artumas should now be in a
position to secure grant and debt financing previously promised to the project
which in turn will enable the Company to fulfill its contractual commitments to
the Government of Tanzania".
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1386324]
Press Release 2010 02 18: http://hugin.info/136496/R/1386324/344976.pdf
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 18.02.2010 - 17:52 Uhr
Sprache: Deutsch
News-ID 1010593
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Calgary, Alberta
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 220 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Tanzanian Regulatory Authority Grants Artumas a 15 Year Licensing Exemption for the Mtwara Energy Project
"
steht unter der journalistisch-redaktionellen Verantwortung von
Artumas Group Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
