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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 US$1.26mln loss in the previous year, while it ended the first half with cash of US$592,000.

Pengilly also explains their position on General Electric, Ncondezi 'remains very confident that any potential impact on the project will not be material to our project outcome.' 

This is with reference to the announcement made earlier in the week that it had not received any notice of change to the joint development agreement signed in July 2019 from GE Steam Power, which envisaged GE being Ncondezi’s technology partner on the project.

Quick facts: Ncondezi Energy Ltd

Price: 3.6 GBX

AIM:NCCL
Market: AIM
Market Cap: £12.59 m
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