Mozambique: Ncondezi close to deal on mine-mouth thermal plant

Ncondezi Energy said on 9 July it had “entered the final stages of negotiations” on a power purchase agreement (PPA) and power concession agreement (PCA) for its 300MW power project in Tete Province. AIM-listed Ncondezi said that it had concluded all the steps required for the agreements and was in the final stages of negotiations with the energy ministry and state power company Electricidade de Moçambique (EdM). Formal submission of both agreements is expected by mid-August. The company is developing an integrated coal mine and power plant, which will supply electricity to the northern grid.