Intelligent news from Mozambique

Ncondezi seeks funding to keep Tete coal project running

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Shanghai Electric Power (SEP), the Chinese company planning to take a 60% stake in a coal-fired power project near Tete in north-western Mozambique, is negotiating terms to provide $3 million over the next year to help the 300 MW project secure a power concession agreement (PCA) and power purchase agreement (PPA).

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