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Ncondezi updates on Chinese collaboration

Published: 16:19 08 Jul 2016 BST

After visiting Mozambique Thursday with a delegation from Shanghai Electric Power to speak with government officials, Ncondezi Energy Limited (LON:NCCL) updates Proactive Investors on the Tete Province project.

Chief development officer Hanno Pengilly says he looks forward to the growing momentum in coming weeks.

He says he hopes investors are confident in the new project.

“This is a serious Chinese company with the relevant experience and balance sheet to actually pull this project off,” says Pengilly.

The objective of the visit was to update local officials on the progress of the Ncondezi project as well as the future plans and timing to develop, fund, build and run the plant.

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