{"id":27149,"date":"2022-10-01T15:52:39","date_gmt":"2022-10-01T15:52:39","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/positive-signs-for-ncondezi-solar-project"},"modified":"2022-10-01T15:52:39","modified_gmt":"2022-10-01T15:52:39","slug":"positive-signs-for-ncondezi-solar-project","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/positive-signs-for-ncondezi-solar-project","title":{"rendered":"Positive signs for Ncondezi solar project"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The London-based company Ncondezi Energy announced on Thursday that the initial results of a feasibility study into its proposed integrated 300-megawatt solar power project in the western Mozambican province of Tete have found that sufficient sunlight is available with the first power possibly available to the electricity grid as early as 2024.<\/p>\n

In a statement released through the London Stock Exchange, the company reveals that preliminary studies have confirmed a solar resource of 1,980 kWh\/m2 which it describes as \u201cexcellent irradiation results\u201d. It adds that \u201cenergy yield over 2,000kWh\/kWp confirms top tier performance potential\u201d.<\/p>\n

According to Ncondezi\u2019s Chief Executive Officer, Hanno Pengilly, \u201cinitial results from the solar project study are very positive, confirming the project\u2019s excellent location for solar generation with no red flags identified\u201d.<\/p>\n

He added, \u201cwith completion of the feasibility study on track for the end of October 2022 the next step will be to finalise the solar project concept, design, and financial model. These will confirm the target tariff offer for potential offtaker partners. Initial discussions with multiple potential offtaker partners have commenced and we believe we will be able to offer an attractive energy solution through speed of execution and competitive tariff pricing\u201d.<\/p>\n

Ncondezi plans to connect the project to Mozambique\u2019s grid with customers also coming from the Southern African Power Pool (SAPP). It stresses that it \u201cis focused on providing reliable and affordable energy to Mozambique to meet growing energy demands\u201d.<\/p>\n

The company highlights its role in meeting the Mozambican government\u2019s energy strategy of providing universal electricity access by 2030, adding that \u201cour projects would provide reliable and available power helping to close the infrastructure gap of the region and serving as a catalyst for economic development\u201d.<\/p>\n

The Solar Project will be located within the Ncondezi mining concession 5967C which covers over 25,000 hectares in the districts of Moatize and Chiuta in Tete Province.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The London-based company Ncondezi Energy announced on Thursday that the initial results of a feasibility study into its proposed integrated 300-megawatt solar power project in the western Mozambican province of Tete have found that sufficient sunlight is available with the first power possibly available to the electricity grid as early as 2024. […]<\/p>\n","protected":false},"author":84,"featured_media":27148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-27149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nPositive signs for Ncondezi solar project - Mozambique<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/positive-signs-for-ncondezi-solar-project\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Positive signs for Ncondezi solar project\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Mozambique. The London-based company Ncondezi Energy announced on Thursday that the initial results of a feasibility study into its proposed integrated 300-megawatt solar power project in the western Mozambican province of Tete have found that sufficient sunlight is available with the first power possibly available to the electricity grid as early as 2024. 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