Energy company expects appropriate tariff from financial model review

Emerging Mozambican power development company Ncondezi Energy says the positive preliminary results from updated proposals from the engineering, procurement and construction (EPC), as well as operations and maintenance (O&M) contracts, for its integrated power and coal mine project indicate potential for the presentation of a more competitive power tariff. Ncondezi further expects to reach an agreement with potential partners on the appropriate tariff envelope and to send the proposal to national power utility Electricidade de Moçambique (EDM) and the Ministry of Mineral Resources and Energy (MIREME) for approval.