CIC Energy updates discussions with Eskom on the Mmamabula Energy Project

July 17, 2009 Filed Under: Coal Mining  
CIC Energy updates discussions with Eskom on the Mmamabula Energy Project

CIC Energy Corp. announced an update on the Company’s discussions with Eskom Holdings Limited (“Eskom”) regarding its proposed Power Purchase Agreement (“PPA”) for the Mmamabula Energy Project (“MEP”) in Botswana, Africa. Eskom has advised CIC Energy that Eskom’s discussions with the Government of South Africa regarding a sustainable funding model for...