Ncondezi Energy Limited provides an update on its solar photovoltaic (“PV”) and Battery Energy Storage System (“BESS”) project in Tete, Mozambique (the “Solar Project”) being carried out through its wholly owned green energy subsidiary, Ncondezi Green Power Holding Ltd. (“NGP”). NGP launches feasibility study for up to 300MW solar PV power plant plus BESS (“FS Study”), FS Study requires approximately 4 months to complete and will be led by WSP Group Africa (Pty) Ltd. (“WSP”), Solar Project to be located within Ncondezi concession area with 3 preferred sites of c.500MW generation potential each already identified, Solar Project uniquely positioned to fast track first power to the grid as early as 2024, leveraging existing advanced stage development work, Estimated pre-money NPV of between $60m and US$65m and fully diluted cash flows of between $130m and $180m over 25 year period, All…
Ncondezi Energy Limited Updates on Its Solar Photovoltaic and Battery Energy Storage System Project in Tete, Mozambique
