27 Jun 2014 07:00
News Release
Posting of Annual Report and Accounts
27 June 2014: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) announces that its Annual Report and Accounts for the year ended 31 December 2013 has been posted to shareholders. An electronic copy of the Annual Report and Accounts is available on the Company's website: www.ncondezienergy.com.
Enquiries:
For further information please visit www.ncondezienergy.com or contact:
Ncondezi Energy: | Hanno Pengilly / Alex Buck | +44 (0) 20 7183 5402 |
Liberum Capital Limited:NOMAD & Broker | Simon Atkinson / Christopher Britton | +44 (0) 20 3100 2000 |
finnCap: Joint Broker | Matthew Robinson / Elizabeth Johnson / Joanna Weaving | +44 (0) 20 7220 0500 |
Bell Pottinger: | Daniel Thöle / Marianna Bowes | +44 (0) 20 7861 3232 |
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 phases, up to 1,800MW. Commissioning is planned for 2017, followed by commercial operations in H1 2018. The first 300MW phase is targeting domestic consumption in Mozambique using reinforced existing transmission capacity to meet current demand.