Submission of Transmission Integration Study
10/12/2021 06:59
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RNS Number : 1933V Ncondezi Energy Limited 10 December 2021
News Release - Reach
Submission of Transmission Integration Study
10 December 2021: Ncondezi Energy Limited ("Ncondezi" or the "Company")
(AIM:NCCL) is pleased to announce that the Transmission Integration Study (the
"Study") for the integrated Ncondezi 300MW power project in Tete, Mozambique
(the "Project") has been submitted for review and approval to Electricidade de
Moçambique ("EDM").
Highlights
· Study reviewed a number of potential transmission integration
solutions following discussions with EDM
· Each was optimized for cost, capacity on existing infrastructure
and, for new infrastructure, timing of delivery
· Preferred integration point is 40 km from the Project
· Potential for a closer integration point in the future
Ncondezi Chief Executive Officer, Hanno Pengilly said: "We are pleased to have
submitted the Transmission Integration Study for approval by EDM. The study
focused on finding a more optimised integration point that was both closer to
the Project and technically more robust. The results have been positive
including a potential +50km reduction in the proposed transmission line route
length which will provide significant cost savings for the Project. Following
EDM sign off, the Company will look to finalise full form commercial
agreements and design with the relevant parties.
We look forward to providing further updates in due course."
Enquiries
For further information please visit www.ncondezienergy.com or contact:
Ncondezi Energy Hanno Pengilly +27 (0) 71 362 3566
Scott Mathieson, Edward Thomas, Kane Collings +44 (0) 20 3100 2000
Liberum Capital Limited
NOMAD & Joint Broker
Novum Securities Limited Colin Rowbury +44 (0) 20 7399 9427
Joint Broker
Elizabeth Johnson +44 (0) 777 56 55 927
Pimlico Advisory Ltd
Investor Relations
About Ncondezi Energy
Ncondezi is an African power development company with an advanced staged,
integrated 300MW thermal coal power plant and mine project located in the Tete
Province, Northern Mozambique.
The Company is focused on providing reliable, affordable and accessible
baseload energy to Mozambique and secure against the effects of water drought
and intermittency of new renewables. This project supports Mozambique's energy
strategy of universal electricity access by 2030. According to the World Bank,
only 30% of the Mozambican population had access to energy in 2017. The
Ncondezi Project would provide 300MW of reliable and available power helping
to close the infrastructure gap of the region and serving as a catalyst for
economic development.
The power plant will be designed to be equipped with state-of-the-art
emissions controls technologies that will reduce local air pollutants,
minimizing the plant's impact on the environment and ensuring its compliance
with the most stringent emission standards
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