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Ncondezi Energy Launches Feasibility Study For 300MW Solar-Plus Storage Project in Mozambique

Ncondezi Energy Launches Feasibility Study For 300MW Solar-Plus Storage Project in Mozambique

Ncondezi Energy has recently launched a feasibility study for a 300MW solar photovoltaic power plant with battery storage in Mozambique. According to the company, the project will be located within Ncondezi’s 25,000-hectare concession area in Tete province, with three preferred sites of potential 500MW generation each already identified.

According to energy-storage.news, which does not clarify exactly how large the battery storage portion will be, Ncondezi Energy added that the project will also be able to leverage existing development work, which will significantly reduce development costs and accelerate the delivery of the solar-plus-storage project. “This means that the co-located project could be completed and connected to the grid as early as 2024,” the company said.

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The feasibility study will take four months and will be conducted by WSP Group Africa.

To this end, Ncondezi CEO Hanno Pengilly estimates the project’s investment to range from $60 million to $65 million and revenues could be around $130 million to $180 million over a 25-year period.

“Connections will be made to the Mozambique grid and sale and purchase agreements will be sought with companies both in Mozambique and in the Southern African Power Pool (SAPP), a cross-border electricity market comprising 13 Southern African countries,” the company avers.

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Ncondezi said it has involved the relevant Mozambican government authorities throughout the project and that the development process has received prior support to launch the feasibility study.

However, the energy company reveals that the project is aligned with Mozambique’s strategy to increase the availability of energy in a sustainable way and to promote new energy investments in the private sector.

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