Ncondezi Power research solar-plus-storage venture in Mozambique

Ncondezi Power Ltd (LON:NCCL), the developer of a 300-MW coal-based thermal energy plant and mine venture in northern Mozambique, mentioned as we speak it has recognized potential for a grid-scale solar-plus-storage facility on the identical venture web site in Tete Province.

“Preliminary research work has confirmed that the venture web site space has robust potential for a photo voltaic venture plus battery storage with good photo voltaic circumstances and a number of entry factors to the Mozambique grid. Given the massive venture concession space, the photo voltaic venture can be deliverable with out compromising the primary venture,” acknowledged chief government Hanno Pengilly.

The CEO went on to say that Ncondezi will be capable of use present venture research to quick observe a growth programme.

Within the meantime, the corporate continues to work with strategic accomplice China Equipment Engineering Company (CMEC) to achieve additional readability on the financing of the primary venture.

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