Ncondezi's $2.25B Coal Plant Wins Approval In Mozambique

Law360, New York (November 4, 2013, 1:48 PM EST) -- Mozambique's energy ministry has approved an environmental social impact assessment for Ncondezi Coal Co. Ltd.'s $2.25 billion integrated coal mine and power plant, bringing the project closer to reality, the company said Monday.

Ncondezi, a midsize British firm with 150 square miles of land in Mozambique, wants to eventually develop 1,800 megawatts of generation in 300-megawatt increments. The first of these, part of a plan to develop a $376 million mine in Mozambique’s coal-rich northwestern Tete province, will require an initial investment of $504 million to...
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