NCCL - Presentation out!12 Jul 2021 08:44
I see this as a positive re-enforcement that things are progressing as we would want them to!
Project is in line with stated energy policy of Mozambique
• Universal energy access by 2030 through new generation projects
• Diversification of energy mix for greater energy security
• Coal generation a key potential baseload power supply option for Mozambique, particularly for the
energy transition period
One of the most advanced baseload power projects in Mozambique
• Permitting and approvals in place - Mining Concession, land use rights, ESIAs
• Formal tariff offer submitted to Electricity of Mozambique (“EDM”) – Mar 2020
• Submitted updated Project Feasibility Study and Electricity Market Study to EDM – Dec 2020
Significant support from China at all levels – Government & Financial Institutions
• Ncondezi Project identified as a key infrastructure project at the 2nd China-Mozambique
International Cooperation Summit – May 2019
• Joint Development Agreement (“JDA”) with CMEC (EPC and O&M Contractor) and GE (Main
Technology Provider) for co-development, construction and operation the Project – Jul 2019
• Indicative debt terms from Industrial and Commercial Bank of China (“ICBC”) – Dec 2019
• Letter of Interest from China Export & Credit Insurance Corporation (“Sinosure”) – Jan 2020
• Shareholders Agreement Term sheet confirming CMEC’s intention as lead investor for 60% of the
equity investment at financial close – Aug 2020
Meeting the strictest emission requirements
• Plans to equip with state-of-the-art emissions controls technologies that will comply with the most
stringent emission standards from the IFC and World Bank