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IN BRIEF: Ncondezi Confident Of Finding New Partner If GE Backs Out

Tue, 22nd Sep 2020 14:14

Ncondezi Energy Ltd - African power development company - Confirms that it has not received any formal notification from General Electric Co regarding its future role in the 300 megawatt coal-fired power project being developed in Mozambique. Notes GE intention to exit the new build coal power market. GE serves as technology partner for Mozambique power project. Confident of sourcing a new technology partner, if needed, without any material impact on the project. All critical project work streams, including the historical cost audit and tariff negotiations, continue to progress positively.

Current stock price: 3.50 pence

Year-to-date change: down 44%

By Tapan Panchal; tapanpanchal@alliancenews.com

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Ncondezi Receives Approval For Environmental Social Impact Assessment In Mozambique

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Ncondezi Energy Appoints KPMG As Financial Adviser For Ncondezi Project

28 Aug 2013 11:59

Ncondezi Energy gains after regulatory approval of coal project

Ncondezi Energy's shares rose after saying it was granted a mining concession by Mozambican regulators for its integrated thermal coal mine and power plant project. The Mozambican Ministry of Mineral Resources (MIREM) has given the company exclusive right over 25 years to mine and exploit the Ncond

9 Aug 2013 12:24

London's AIM volumes surge on new investor savings rules

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26 Apr 2013 13:11

Paul Venter appointed CEO at Ncondezi Coal

AIM-listed Mozambique-focused mining company Ncondezi Coal Company has appointed Paul Venter as Chief Executive Officer and Executive Director with immediate effect. Venter joined Ncondezi as Chief Operating Officer in June 2012 and has been responsible for the company's power strategy since then.

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IN BRIEF: Ncondezi Confident Of Finding New Partner If GE Backs Out

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