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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: 3.8175 GBX

AIM:NCCL
Market: AIM
Market Cap: £13.35 m
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Ncondezi Energy CEO hails shareholder agreement with China Machinery...

Ncondezi Energy Limited's (LON:NCCL) Hanno Pengilly speaks to Proactive's Katie Pilbeam after announcing they've signed a shareholder agreement term sheet with China Machinery Engineering Corporation. It'll see CMEC maintain a 40% stake in its 300-megawatt coal-fired power project and coal mine...

4 weeks ago

2 min read