Ncondezi Energy progresses plans for Tete project in Mozambique

Writer, Stock Market Wire
Friday, February 1, 2019 - 09:11

Ncondezi Energy said it was targeting completion of a joint development agreement for its 300MW Tete power and coal mine project in Mozambique by the end of March.

The company said it had engaged positively with a liaison committee set up by the Mozambican Ministry of Mineral Resources and Energy regarding the approval of the project timetable to deliver first power in 2023.

The project timetable has been signed off by the company's potential strategic partners, Ncondezi said.

Completion of the joint development agreement and binding engineering, procurement, and construction and operations and maintenance contracts were targeted for the first quarter of 2019, it added.

At 9:11am: (LON:NCCL) Ncondezi Energy Limited share price was +0.05p at 5.15p


Related content

Ncondezi Energy receives loan conversion notice

Ncondezi Energy said it had received a shareholder loan conversion notice in relation to around 3.1m share in the company.

The notice was received from...

Fri, 12/07/2019 - 14:47


Ncondezi Energy says signing of Mozambique project development pact delayed

Ncondezi Energy said the signing of a joint development agreement for its integrated 300 megawatt power and coal mine project in Tete Mozambique had been...

Mon, 29/04/2019 - 14:25


Ncondezi Energy agrees to form solar JV with GridX Africa; raises £1.9m

Ncondezi Energy said it had agreed to form a joint venture with African power developer GridX Africa Development focused on building and operating captive solar...

Fri, 05/04/2019 - 08:09


Ncondezi Energy close to finalising development pact for Mozambique project

Ncondezi Energy said it was making 'good progress' finalising a joint development agreement with partners for an integrated 300MW power and coal mine project in...

Wed, 20/03/2019 - 14:55


Ncondezi Energy confirms related-party transactions with Synergy Consulting

Ncondezi Energy confirmed it had signed contracts and paid for the services of Synergy Consulting Infrastructure and Financial Advisory Services, which counts its founder and...

Fri, 15/02/2019 - 13:38