Africa-Press – Mozambique. Ncondezi Energy Ltd. said Friday that it has agreed to sell Mozambique Green Power to Green Energy SPV PLC for $1.3 million.
The African power-development company said the money from the transaction will be used to repay the bridge loan due Tuesday and for additional working capital.
Mozambique Green Power owns a battery-storage project in Mozambique.
The company said that Green Energy is a newly-formed business controlled by Ncondezi Energy Nonexecutive Director Scott Fletcher.
400kWP solar and 912kWh battery storage project in Mozambique on track – Ncondezi
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