Research Notes: NCCL18 Feb 2022 08:07
1 Progress to date
What we getting for NCCLs £6m market cap, for its Billion$$$ Coal Mine and Power Plant Project:
- Binding JDA with CMEC
- EPC signed with CMEC (making project ‘advanced’)
- Historic Costs owed by CMEC to NCCL c.£20m
Also,
- MOMA Interconnector Line (i.e. cross-border transmission), linking resource rich Mozambique with resource poor Malawi, where Malawi really need the power
- Where Presidents Lazarus Chakwera (Malawi) and President Filipe Nyusi (Mozambique) have agreed to power trade, with the MOMA Interconnector being a critical component in the plans
‘Another important project for the two countries is the interconnection of electricity supply between Mozambique and Malawi. “We are also proud to announce that work on this power line will start in March of next year. The Malawian people will, in 2023, see their energy situation improved, because this project will have been concluded [by then],” [Mozambican President] Nyusi said.’
https://clubofmozambique.com/news/mozambique-and-malawi-sign-mous-on-trade-mineral-resources-205387/
See also http://www.escom.mw/MOMA%20Power%20Transmission.php
- MOMA Interconnector will carry power out of Tete, in Mozambique, where the existing Dam’s power output is largely accounted for; so a new, large source of power needs to be identified.
- Malawi want 1000MW of power added to National Grid, where the MOMA Interconnector is to play crucial role!
‘With the completion of the Malawi-Mozambique Interconnector, he stated that progress toward adding 1,000 megawatts to the national grid over the next four years is being made.’
https://pumps-africa.com/mozambique-malawi-power-transmission-link-project-commences/
- Only large enough, advanced project, anywhere in sight, NCCL (where NCCL had informed market previously that all other other proposed competitor projects, that might have been in the area, had “fallen away”, leaving just us).
- Where NCCL Tweeted:
'Progress continues to be made on the #Mozambique #Malawi interconnector, which runs past the #NCCL power project and is due to be commissioned in 2022' https://southerntimesafrica.com/with-new-projects-sadc-powers-up/
https://twitter.com/Ncondezi_Energy/status/1382269455183581184
- Where NCCL also tweeted,
'#Mozambique takes another step towards expanding the transmission network into #Malawi
#NCCL's recently completed transmission study accounts for these exciting developments ensuring an optimal supply strategy into the grid'
https://twitter.com/Ncondezi_Energy/status/1291659356841431040
In other words, NCCL inputted directly into the development work that has realised the MOMA Interconnector
- Where the MOMA Interconnector is funded to the tune of $127m by the World Bank and EU, no less!
https://ec.europa.eu/eu-external-investment-plan/projects/mozambique-malawi-interconnector_en
- Where MOMA Interconnector main purpose is to draw power out of Tete for power/ energy trade with Malawi
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