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NCCLTue, 09th Mar 2021 20:16
Ncondezi Energy Ltd - coal-fired power project in Mozambique - Signs a master services agreement with Synergy Consulting to provide financial and transaction advisory services for the integrated Ncondezi 300 megawatt coal fired power project and coal mine in Tete, Mozambique.
Current stock price: 4.5 pence
Year-to-date change: down 19%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Ncondezi Energy Ltd - Mozambique-based power development company - Narrows its pretax loss in 2021 to USD1.8 million from USD2.8 million the previous year. Assets at December 31 stand at USD19.6 million, down from GBP20.3 million at the same time the previous year. Says year was focused on positioning the Ncondezi project within an "increasingly challenging market" for coal and coal power generation. Company adds it is funded into August, with the potential to extend this to the first quarter of 2023, depending on the outcome of its Seritza restructuring.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more
(Sharecast News) - Ncondezi Energy updated the market on the review of its integrated Ncondezi 300 MW power project in Tete, Mozambique on Monday, saying it had found potential for a grid-scale solar-plus-battery storage project at the site.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
Read more(Alliance News) - Ncondezi Energy Ltd said on Monday that it believes there is potential for a grid scale solar and battery storage power project at its Ncondezi 300 megawatt project in Tete, Mozambique.
Read more(Sharecast News) - Ncondezi Energy updated the market on its integrated 300MW power project in Tete, Mozambique on Tuesday, and its working capital facility term loan with Seritza, amid confusion over the Chinese government's approach to funding overseas coal projects.
Read moreNcondezi Energy Ltd - Mozambique-based power development company - Says that it currently has USD300,000 outstanding on its USD750,000 working capital facility term loan with Seritza Ltd. Ncondezi says it has sufficient cash to repay the loan and will remain funded until the end of the first half of 2022.
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Read moreNcondezi sells renewable energy subsidiary for USD1.3 million
Read more(Sharecast News) - Ncondezi Energy announced on Friday that its wholly-owned subsidiary Ncondezi Green Power has entered into a sale and purchase agreement with Green Energy SPV, selling group company Mozambique Green Power (MGP) for $1.3m.
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Read moreIN BRIEF: Ncondezi renewable energy subsidiary agrees loan extension
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