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Ncondezi Energy sells Mozambique Green
Power solar and battery project for $1.3mn
MOZAMBIQUE NCONDEZI Energy has announced that its “[Selling] the C&I subsidiary allows the com-
wholly owned subsidiary Ncondezi Green Power pany to fully focus on progressing the company’s
has entered into a sale and purchase agreement main project, the Ncondezi Project with our
with Green Energy SPV, selling its renewable strategic partner, China Machinery Engineering
energy subsidiary Mozambique Green Power Corp., and we are working on finalising the tariff
(MGP) for $1.3mn. as soon as possible,” Sachdeva said.
The AIM-listed company said in a statement “Commissioning of the maiden C&I project
on December 3 the proceeds from the sale of demonstrated the company’s ability to deliver
MGP, which owns the group’s maiden commer- a power project in Mozambique, utilising new
cial and industrial (C&I) 400-kWP solar and 912 technologies, in the midst of a global pandemic.
kWh battery storage project in Mozambique, It strengthened both our knowledge base and
would go in part to pay off a bridge loan. skill sets in ways which we are confident will ben-
Ncondezi non-executive director Aman efit the Ncondezi Project going forwards.”
Sachdeva said the sale came following a strategic Green Energy is a newly formed company
review launched in June and in an increasingly controlled by another Ncondezi Energy non-ex-
challenging post-COP26 environment. ecutive director, Scott Fletcher.
EU’s €10mn SESA project to fund African
tech and business models launches
THE European Union’s Smart Energy Solutions development.
for Africa (SESA) project has been put in place He also believes that achieving the purpose of
to fund access technologies and business models SESA will improve energy access in communities
across Africa with about €10mn from 2021 to of developing countries that are vulnerable to cli-
2025, GBC reports. mate change effect.
The project is aimed at providing technolo- SESA is designed to combine innovative
gies and business models that can be reproduced energy access solutions for a wide range of appli-
and create local opportunities for economic cations in both urban and rural areas of Africa.
developments and social cohesion across Africa. Focus will look into testing, validating and
Meanwhile, established in 2013, South reproducing those energies related innovations
Africa’s uYilo Electric Mobility Programme, a via coordinated demonstrated actions in five
beneficiary of the fund, is also a collaborative laboratories.
programme focused on facilitating and bringing Such demonstration actions commenced in
together electric mobility in South Africa. Kenya and further reproduction in four other
uYilo programme manager Edem Foli says countries including Ghana and Morocco.w
the project is very promising for sustainable
Week 49 09•December•2021 www. NEWSBASE .com P13
