Ncondezi Energy to conclude agreement for 300Mw power project in Mozambique

Ncondezi Energy announced that it has received a letter of support from the Ministry of Mineral Resources and Energy (MIREME) for its integrated 300MW power and coal mine project and also signed a Memorandum of Understanding (MoU) with the Mozambican state power utility Electricity de Mozambique (EDM).

According to a company statement, the letter of support and MoU set out a clear pathway for development of the project, including finalisation of the project timetable, and confirm that project development is to be managed through a liaison committee, chaired by MIREME.

The support documents also confirm that coal generation is part of Mozambique’s energy generation mix and that the project is an advanced stage project, which is in line with the national Energy Policy.

Source: ESI Africa

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