https://www.miningweekly.com

Updated tariff proposal for Mozambique energy project

10th August 2018

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Aim-listed Ncondezi Energy has submitted an updated tariff proposal to Mozambique State-owned power utility Electricidade de Moçambique (EDM) and the Ministry of Mineral Resources and Energy (Mireme).

The updated tariff proposal arose from a financial model submitted to the two authorities, which confirmed the project economics. The project economics can be maintained with a reduction of more than 10% on the previously agreed tariff envelope.

The submission of the tariff proposal forms part of the process to receive formal support from EDM and Mireme to progress the coal mine and 300 MW power plant project, in the province of Tete, and is a key milestone in finalising the joint development agreement between the stakeholders.

Ncondezi is now targeting the completion of a joint development agreement within three months, as soon as EDM and Mireme approve the tariff proposal. EDM has requested a detailed workshop to be held with all the strategic partners to work through the proposal and agree on the next steps.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.041 0.902s - 110pq - 2rq
Subscribe Now