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RNS Number : 5535U
Ncondezi Energy Limited
25 November 2019
 

 

News Release 

 

 

Director Resignation

 

25 November 2019: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) Ncondezi Energy announces that Jacek Glowacki has today resigned from the Board of the Company and his role as Non-Executive Director with immediate effect due to personal issues.

 

Hanno Pengilly, Chief Executive Officer of the Company commented: "The Board would like to thank Jacek for his invaluable support and guidance throughout his Directorship. We wish him well in the future."

 

Enquiries

For further information please visit www.ncondezienergy.com or contact:

 

Ncondezi Energy:

Hanno Pengilly

+27 (0) 71 362 3566

Liberum Capital Limited:
NOMAD & Broker

Andrew Godber, Edward Thomas, Kane Collings

 

+44 (0) 20 3100 2000

Novum Securities Limited

Colin Rowbury

+44 (0) 20 7399 9427

Pimlico Advisory Limited

Elizabeth Johnson

+44 (0) 777 56 55 927




 

Note:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain. If you have any queries on this, then please contact Hanno Pengilly, Chief Executive Officer of the Company (responsible for arranging release of this announcement) on +27 (0) 71 362 3566.

 

Ncondezi is an emerging African power development company which owns 100% of the 300MW Ncondezi Coal Power Project which is one of the most advanced power development projects in Mozambique. The project is strategically located in the Tete Province in northern Mozambique, a power generating hub that distributes power across the region. The Company is targeting delivery of first power onto the Mozambican grid by 2023 through a 25 year offtake agreement to meet existing demand.

 

Ncondezi has also entered the captive solar and battery storage sector through a proposed Joint Venture with GridX Africa Development, to develop, build and operate power solutions for the African Commercial and Industrial sector.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Ncondezi Energy Ltd

Price: 5.25

Market: AIM
Market Cap: £17.06 m
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Ncondezi Energy submits updated financial model for Mozambique project to...

Ncondezi Energy Limited's (LON:NCCL) Hanno Pengilly speaks to Proactive London's Andrew Scott after announcing they've submitted an updated financial model for a 300MW power station at Tete in Mozambique to its partners for review. He adds that tariff submission remains on track for this...

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