Ncondezi Energy Limited Recent share price movement (2211X)
February 17 2017 - 8:41AM
UK Regulatory
TIDMNCCL
RNS Number : 2211X
Ncondezi Energy Limited
17 February 2017
News Release
Recent share price movement
17 February 2017: The board of Ncondezi Energy Limited
("Ncondezi" or the "Company") (AIM:NCCL) has noted the recent rise
in the Company's share price and confirms that it knows of no
reason for this price movement. The Company can confirm that
negotiations to finalise the Joint Development Agreement ("JDA")
with Shanghai Electric Power Co., Ltd ("SEP") continue as announced
in the Project Update on 16 December 2016 and no new material
developments have occurred since.
The Company will make further announcements as and when
appropriate.
Enquiries
For further information please visit www.ncondezienergy.com or
contact:
+44 (0) 20 7183
Ncondezi Energy: Hanno Pengilly 5402
Liberum Capital
Limited: Neil Elliot / Christopher +44 (0) 20 3100
NOMAD & Broker Britton 2000
Ncondezi Energy owns 100% of the Ncondezi Project which is
strategically located in the power generating hub of the country,
the Tete Province in northern Mozambique. The Company is developing
an integrated thermal coal mine and power plant in phases of 300MW
up to 1,800MW. The first 300MW phase is targeting domestic
consumption in Mozambique using reinforced existing transmission
capacity to meet current demand.
This information is provided by RNS
The company news service from the London Stock Exchange
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