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Ncondezi submits new Transmission Integration Study for Mozambique project

The proposed power project could make a significant impact on the local economy

Ncondezi Energy Ltd -

Ncondezi Energy Ltd (LON:NCCL) has submitted the Transmission Integration Study for the integrated 300MW coal-fired power project and coal mine that it plans to build in Tete, Mozambique to Electricidad de Moçambique 

The study evaluated a number of transmission connection options for the project, taking into account current and planned changes to the network since the completion of the last study with EDM.

WATCH: Ncondezi Energy CEO updates as it submits new Transmission Integration Study

"It's a fantastic step forward that we have submitted the final draft of the Transmission Integration Study to EDM for review,” said Ncondezi chief executive Hanno Pengilly in a statement.

“Following the updated tariff proposal in March 2020 this report was required and has been updated with proprietary information from EDM. The results look encouraging and have identified a number of optimisations which have the potential to improve transmission line cost, strengthen the grid and facilitate future transmission expansion plans. Tariff negotiations are continuing in parallel and are progressing positively," he added.

Quick facts: Ncondezi Energy Ltd

Price: 3.65 GBX

AIM:NCCL
Market: AIM
Market Cap: £12.76 m
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