"The Ministry of Energy will, in the next 30 days, be reviewing the submissions and short-list the mining firms for invitation to submit technical proposals based on the criteria spelt out in the announcement,? Mr Omenge said."
"Investors wishing to extract the coal reserves are supposed to prove their ability to raise investment funds in excess of $100 million (Sh8 billion). According to the conditions spelt out by the government, they must also demonstrate evidence of technical capability and a history of coal mining in at least three developing countries."
EDF tie up here may be the rocket needed for the SP, this is big news.
CCC Price at posting:
71.0¢ Sentiment: ST Buy Disclosure: Held