Ncondezi Energy receives four proposals for construction of power plant in Mozambique

5 March 2014

British company Ncondezi Energy has received four proposals from “internationally-recognised” companies to build a coal-fired power plant in Tete, Mozambique, the company said in a statement Tuesday.

The proposals are “turn key” projects and include engineering, procurement of materials and equipment and construction of the building to house the power generator, which will initially have a capacity of 300 megawatts.

The company said it would now analyse the proposals and issue another statement in the second quarter.

At the end of 2013 Ncondezi Energy, formally known as the Ncondezi Coal Company, said that state electricity company Electricidade de Moçambique (EDM) will take an initial 5 percent stake in the vehicle company that will build the plant and have an option to acquire a further 10 percent “at market prices”.

The agreement also outlines that 5 percent of the vehicle company will be earmarked for Mozambican citizens who will be able to buy them at market prices within a five-year period that begins after the power plant starts operating. (macauhub)