https://www.engineeringnews.co.za

Shanghai, Ncondezi sign shareholders agreement for Moz power plant

22nd July 2016

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

Chinese energy company Shanghai Electric Power (SEP) and Ncondezi Energy this week signed a shareholders agreement term sheet in Maputo, Mozambique, marking a significant step towards the completion of the joint development agreement for the planned 300 MW Ncondezi coal-fired power project, in Tete province.

SEP chairperson Wang Yundan and Ncondezi chairperson Michael Haworth also met with Mozambique government representatives in Maputo to provide an update on the progress of and future plans for the project, including development timelines, financing, construction and the operation of the plant.

Key meetings were also held with the Minister of Mineral Resources and Energy, the Minister of Finance, State power utility Electricity de Mozambique and the Chinese embassy.

“SEP has a strong desire to work with Ncondezi and the Mozambique government to generate power as soon as possible. The preparatory work is in the advanced stages following significant collaboration between the SEP and Ncondezi technical teams,” commented Yundan.

“SEP is the right partner to facilitate the development of the Ncondezi project and brings significant development and operational experience to the project. SEP and Ncondezi are aligned in their target to complete the development phase of the project and reach financial close,” added Haworth.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Showroom

Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds today supplies steel and tube, pipe and fittings, valves, pumps, irrigation, fencing, profiling and roofing products. The cash...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.066 0.117s - 137pq - 2rq
Subscribe Now