29 November 2019: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) announces that, at the Annual General Meeting ("AGM") of the Company held today, all resolutions were duly passed on a poll.
For further information please visit www.ncondezienergy.com or contact:
+27 (0) 71 362 3566
Liberum Capital Limited: NOMAD & Joint Broker
Andrew Godber, Edward Thomas, Kane Collings
+44 (0) 20 3100 2000
Novum Securities Limited
+44 (0) 20 7399 9427
Pimlico Advisory Ltd
+44 (0) 777 56 55 927
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.
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