22nd Oct 2015 09:03
LONDON (Alliance News) - Ncondezi Energy Ltd on Thursday said it has extended its commercial deal with Electricidade de Mozambique, Mozambique's state utility, to the end of 2015.
The conditions on which the extension to the deal have been granted include Ncondezi reaching a binding deal with a strategic investor to take on the development, construction and operation of the Ncondezi power project in the country.
Ncondezi said it is now focusing on meeting those conditions ahead of the December 31 deadline.
Shares in Ncondezi were up 8.6% to 1.765 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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