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Ncondezi appoints non-executive as interim COO to lead Tete coal project

Christiaan Schutte, who joined the company in 2013, previously ran five coal plants as a senior manager at South Africa's state-backed power firm

Ncondezi Energy Ltd - Ncondezi appoints former Eskom manager as interim COO to lead Tete coal project
The Tete porject includes a coal mine and a power station in Mozambique

Ncondezi Energy Ltd (LON:NCCL) has appointed an interim chief operating officer (COO) to lead technical processes at its Tete coal power project in Mozambique.

Christiaan Schutte, who has served as a non-executive director at the company since 2013, will manage engineering, procurement, construction, operations and management process at the project, which is due to complete in the fourth quarter of 2019.

READ: Ncondezi Energy promotes Hanno Pengilly to chief executive

Before joining the firm, Shutte managed five coal-fired power stations as a senior general manager of the generation division at Eskom, South Africa’s state-backed electricity firm.

“Chris is uniquely positioned to drive key technical processes with his in-depth knowledge of the project and experience operating some of the largest coal-fired power plants on the continent”, Hanno Pengilly, Ncondezi’s chief executive said in a statement.

The company also said it has appointed Pimlico Advisory to provide investor relations services.

In early trading on Tuesday, Ncondezi shares were steady at 5.4p.

Quick facts: Ncondezi Energy Ltd

Price: 5.25 GBX

Market: AIM
Market Cap: £17.06 m

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