News: Ncondezi Energy to Launch Feasibility Study for 300-MW Solar Project in Mozambique

Stock Exchange Notice - Ncondezi Energy (NCCL.L) said Friday it will begin a feasibility study for its solar photovoltaic and battery energy storage system project in Tete, Mozambique, with a planned capacity of up to 300 megawatts.

The pre-feasibility studies for the project estimated a pre-money net present value of between $60 million and $65 million, and fully diluted cash flows of $130 million to $180 million over a 25-year period.

The feasibility study will be led by WSP Group Africa and is expected to take four months to complete.

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