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NCCL Ncondezi Energy Limited

0.825
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ncondezi Energy Limited LSE:NCCL London Ordinary Share VGG640631039 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.825 0.80 0.85 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ncondezi Energy Limited New Presentation

18/05/2020 7:00am

RNS Non-Regulatory


TIDMNCCL

Ncondezi Energy Limited

18 May 2020

News Release

New Presentation

18 May 2020: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) is pleased to advise that the latest investor presentation for their integrated 300MW thermal coal power plant and mine project located in the Tete Province, Northern Mozambique is now available from the company's website ( www.ncondezienergy.com ).

Enquiries

For further information please visit www.ncondezienergy.com or contact:

 
 Ncondezi Energy              Hanno Pengilly                   +27 (0) 71 362 3566 
 
   Liberum Capital Limited    Andrew Godber, Edward Thomas,    +44 (0) 20 3100 
   NOMAD & Joint Broker        Kane Collings                    2000 
 Novum Securities 
  Limited                                                      +44 (0) 20 7399 
  Joint Broker                Colin Rowbury                     9427 
 
   Pimlico Advisory 
   Ltd                                                         +44 (0) 777 56 55 
   Investor Relations         Elizabeth Johnson                 927 
 

About Ncondezi Energy

Ncondezi is an African power development company with an advanced staged, integrated 300MW thermal coal power plant and mine project located in the Tete Province, Northern Mozambique.

The Company is focused on providing reliable, affordable and accessible baseload energy to Mozambique and secure against the effects of water drought and intermittency of new renewables. This project supports Mozambique's energy strategy of universal electricity access by 2030. According to the World Bank, only 30% of the Mozambican population had access to energy in 2017. The Ncondezi Project would provide 300MW of reliable and available power helping to close the infrastructure gap of the region and serving as a catalyst for economic development.

The power plant will be designed to be equipped with state-of-the-art emissions controls technologies that will reduce local air pollutants, minimizing the plant's impact on the environment and ensuring its compliance with the most stringent emission standards

In 2019, the Company entered into the Commercial and Industrial ("C&I") renewable and battery storage sector and in October 2019 announced its first investment in an off grid solar battery project. The Company has also secured the right to fund a US$5.5m C&I project development pipeline in Mozambique through a Relationship Agreement with GridX Africa Development announced in May 2020. The move into the C&I solar and battery storage sector offers a significant opportunity for the Company to complement the existing large-scale baseload power project and access near-term low-risk annuity income streams which have significant growth potential.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

May 18, 2020 02:00 ET (06:00 GMT)

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