SGN Solgenics Limited

TIDMNCCL

RNS Number : 5822V

Ncondezi Energy Limited

09 April 2019

News Release

GridX Investor Presentation

9 April 2019: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) has uploaded an Investor Presentation on the GridX Africa Development ("GridX") Joint Venture ("JV") on the company website, www.ncondezienergy.com.

The presentation follows the announcement on 5 April 2019 confirming that the Company has entered into a term sheet with GridX, an African power developer, enabling it to enter into a JV focused on building and operating captive solar and battery storage solutions for the African Commercial and Industrial ("C&I") sector.

Enquiries

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

 
 Ncondezi Energy:              Hanno Pengilly                   +27 (0) 71 362 3566 
 
   Liberum Capital Limited:    Christopher Britton / Richard    +44 (0) 20 3100 
   NOMAD & Joint Broker         Crawley                          2000 
 Novum Securities 
  Limited:                                                      +44 (0) 20 7399 
  Joint Broker                 Colin Rowbury                     9427 
 

Ncondezi 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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