0
 

Mozambique: Ncondezi agrees terms for negotiation with GE and CMEC


Issue 356 - 27 Oct 2017
Alternative Investment Market-listed Ncondezi Energy Ltd announced on 20 October that it has agreed terms in principle for a non-binding offer from China Machinery Engineering Corporation (CMEC) and General Electric South Africa Ltd, which will allow the companies to begin negotiations to develop, build and operate Ncondezi’s 300MW coal power plant and open pit coal mine in Tete province. A formal signing ceremony is planned to take place in Beijing in early November and a provisional deadline of 30 April 2018 has been set to negotiate a joint development agreement.

Want to read more?

Medium article

£9

(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register