TIDMNCCL

RNS Number : 8690I

Ncondezi Energy Limited

16 December 2020

News Release

Results of AGM

16 December 2020: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) announces that, at the Annual General Meeting ("AGM") of the Company held today, all resolutions were duly passed on a poll.

E nqu iries

For further information please visit www.ncondezienergy.com or contact:

 
 Ncondezi Energy:              Hanno Pengilly                     +27 (0) 71 362 3566 
 
   Liberum Capital Limited:    Scott Mathieson, Edward Thomas, 
   NOMAD & Joint Broker         Kane Collings                     +44 (0) 20 3100 2000 
 Novum Securities 
  Limited 
  Joint Broker                 Colin Rowbury                      +44 (0) 20 7399 9427 
 
   Pimlico Advisory 
   Ltd                                                            +44 (0) 777 56 55 
   Investor Relations          Elizabeth Johnson                   927 
 

Ncondezi is an emerging African power development company which owns 100% of the 300MW Ncondezi Coal Power Project which is one of the most advanced power development projects in Mozambique. The project is strategically located in the Tete Province in northern Mozambique, a power generating hub that distributes power across the region. The Company is targeting delivery of first power onto the Mozambican grid by 2023 through a 25 year offtake agreement to meet existing demand.

Ncondezi has also entered the captive solar and battery storage sector through a proposed Joint Venture with GridX Africa Development, to develop, build and operate power solutions for the African Commercial and Industrial sector.

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December 16, 2020 06:30 ET (11:30 GMT)

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