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JDA 'delivers pathway to value realisation events' for Ncondezi Energy

Ncondezi Energy Ltd's (LON:NCCL) Hanno Pengilly caught up with Proactive London's Andrew Scott following the signing of the joint development agreement with China Machinery Engineering Corp (CMEC) and General Electric Switzerland (GE).

The deal now opens the door for development of the Ncondezi power project in northern Tete, Mozambique.

Pengilly says the JDA was the last outstanding issue to formally engage with the Mozambican government and state power utility Electricidade de Mocambique (EDM) on electricity tariffs.

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...

on 20/12/19

2 min read