Mozambique: Ncondezi, Shanghai Electric agreement


Issue 328 - 23 Jul 2016 | 1 minute read
Ncondezi Energy and Shanghai Electric Power Company (SEP) on 7 July announced the signing of a shareholders’ agreement term sheet for the Ncondezi coal power scheme at a meeting in Maputo. Ncondezi said the agreement represented a key legal and financial milestone towards finalising the joint development agreement in Q3 2016, the engineering, procurement and construction and operations and maintenance contracts in Q4 2016 and financial close in H1 2017. The first phase of the integrated coal mine and power scheme in Tete province will develop a 300MW plant, and the project has potential to expand to 1,800MW.

Tagged with:

Pin Power

Pin Mozambique

Want to read more?

Small article

£4

(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

Transmission and interconnections – towards a Continental System Master Plan

Africa Investment Exchange (AIX) power transmission event

6 December 2022, online

This online roundtable will evaluate progress towards a Continental System Master Plan for transmission infrastructure and cross-border interconnections and consider the impact which this plan will have on African electricity supply industries.

The roundtable is part of the monthly AIX membership programme and will be chaired by African Energy's John Hamilton with contributions from guests.

Book your ticket here

The meeting is free for all AIX members and African Energy subscribers.