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Ncondezi Energy reveals latest progress on Tete power project in Mozambique

Ncondezi Energy Limited (LON:NCCL) CEO Hanno Pengilly tells Proactive about the latest progress of its coal-fired power project and coal mine in Tete, Mozambique.

Pengilly says the AIM-listed firm has agreed on additional work requirements and updated its development program which has been submitted for approval to the state-owned Electricidade de Moçambique (EDM), and has commissioned studies on both updated transmission integration and the Mozambican power market outlook, which are targeted for completion in the third quarter of 2020.

Quick facts: Ncondezi Energy Ltd

Price: 3.2 GBX

AIM:NCCL
Market: AIM
Market Cap: £11.19 m
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Ncondezi latest report 'highlights good progress made so far this year'

Ncondezi Energy Limited's (LON:NCCL) Hanno Pengilly talks Proactive London through their highlights for the year so far which includes submitting the historical cost audit for flagship Mozambique power project. The company also reported a loss for the period of US$1.21mln, narrowed from a...

1 day, 9 hours ago

2 min read