Skip to main content

Ncondezi provides project update

Published by
World Coal,

Following the announcements on 20 October 2017, 9 November 2017 and 27 December 2017, Ncondezi Energy Limited (Ncondezi) has provided an update on its process to conclude a binding joint development agreement (JDA) for the company’s integrated 300 MW power and coal mine project in Tete, Mozambique.

Key highlights of the project are as follows:

  • JDA remains targeted for completion by the end of July 2018.
  • Proposals for engineering, procurement and construction (EPC), as well as operations and maintenance (O&M) contracts received, but require additional information with a deadline of 23 April 2018 to receive complete proposals.
  • Internal review of EPC and O&M proposals in process, with a target completion by the end of May 2018.
  • In principle, support received from Electricity de Mozambique (EDM) and the Ministry of Mineral Resources and Energy (MIREME) for proposed strategic partners.
  • The company will seek, in principle, support for a new tariff envelope from EDM by end of June 2018.
  • Cash position as of mid-April 2018 is US$ 317 000, sufficient to cover activities until August 2018.

Read the article online at:

You might also like

OSIsoft webinar

[WEBINAR] How to succeed in Digital Transformation in Mining and Materials

During this webinar, OSIsoft will explain their successful path to Digital Transformation, including Predictive Maintenance 4.0 from an asset reliability perspective, Health, Safety & Environment improvement opportunities, and Autonomous Operations for process optimisation. Register for free today »


Coal trading market to 2023

The global coal trading market faces stiff competition due to the involvement of many players in the market, reveals a report by Transparency Market Research (TMR).


Embed article link: (copy the HTML code below):