NCCL - RNS (looks good)26 Sep 2019 08:27
Looks good to me, moving forward, confident and fully funded to deliver on these work streams.
-- Approval from Mozambique Government led Liaison Committee of updated work programme and timetable for the Company's integrated 300MW power and coal mine project in Tete Mozambique (the "Project"), targeting power on the grid by 2023.
-- China Machinery Engineering Corporation ("CMEC") and General Electric Switzerland Gmbh ("GE") (together the "Parties") confirmed the process to conclude the Joint Development Agreement ("JDA") for the Project.
-- Company joined Mozambique government delegation to the Second Belt and Road Forum in Beijing, China and held successful meetings with His Excellency Mr Filipe Nyusi, President of the Republic of Mozambique, the Governor of Tete and the Deputy Minister of Ministry of Mineral Resources and Energy ("MIREME").
Solar Project
-- Term sheet agreed to enter into a Joint Venture ("JV") with GridX Africa Development ("GridX"), an African power developer, focused on building and operating captive solar and battery storage solutions for the African Commercial and Industrial ("C&I") sector.