20th Dec 2019 12:40
(Alliance News) - Ncondezi Energy Ltd said Friday that the Mozambique government's Inter-Ministerial Committee for China & Mozambique is satisfied with the progress of the development of the integrated Ncondezi coal-fired power project in Mozambique.
Ncondezi shares were up 13% in London at 5.80 pence each on Friday.
The power development company said the committee - which has representatives from the Mineral Resources, Environment, Finance and Foreign Affairs ministries - also emphasized its readiness to assist in all necessary aspects for effective project implementation, the London-listed company said.
Discussions were focused on evaluating the current status of projects and identifying where government could further facilitate the development process, the company noted.
Back in April, Ncondezi had been selected as a priority infrastructure project in the context of cooperation between Mozambique and China, agreed under the Road & Belt forum held in China, it said.
By Loreta Juodagalvyte; [email protected]
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