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Ncondezi Energy on cusp of closing US$1 billion deal for Mozambique power project

Hanno Pengilly, chief development officer for Ncondezi Energy Limited (LON:NCCL), updates Proactive London's Andrew Scott on progress towards securing a Joint Development Agreement for its 300MW power and coal mine project in Tete Mozambique.

Pengilly says once finalised the project development program will focus on delivering the key milestones to achieve first power on the grid in 2023.

Quick facts: Ncondezi Energy Ltd

Price: 5.25 GBX

AIM:NCCL
Market: AIM
Market Cap: £17.06 m
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Ncondezi Energy seeing 'building momentum and support' for its flagship...

Ncondezi Energy Ltd's (LON:NCCL) Hanno Pengilly updates Proactive London's Andrew Scott following meetings held with the Inter-Ministerial Committee for China and Mozambique around the development of its 300MW power project. He says several areas have been identified to potentially speed up...

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