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
Copyright 2020 Alliance News Limited. All Rights Reserved.
