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Ncondezi On Track for Partner by Year End
Thursday, August 31, 2017  Printer Friendly Email this article


Ncondezi Energy is on track to find an investment partner before the end of 2017 to support the development of its namesake 300 MW coal-fired power project in Mozambique's Tete Province. The company is looking for a partner that is capable of providing a leadership role in the financing, construction and operation of the power plant.

The incoming partner should also have a credible track record in both the global and African power sectors.

Ncondezi said it has already started to receive non-binding offers from potential partners. It went on to say that it will narrow down these offers to a few preferred partners who will go forward to complete due diligence and submit binding offers. The successful partner is due to be selected by the end of this year.



 
   
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