The company has decided to suspend the project which involves building a solar power plant for a company in Mozambique, because it is not in a position to open the construction site due to restrictions imposed by the Mozambican authorities to limit the spread of COVID-19.

The project could be delivered in Q2/2020 if travel restrictions in force in Mozambique are lifted by May 2020. The company is working closely with all parties involved in the project. All major equipment is being deposited in secure storage facilities, ready for future deployment when the restrictions are lifted. Ncondezi Energy is implementing this project in partnership with GridX Africa, a provider of solar and electricity storage solutions for businesses in sub-Saharan Africa.

The facility will be equipped with a battery-based electricity storage system capable of storing between 28 kW and 912 kWh of electricity. Both companies will sell the electricity from the solar power plant to the beneficiary company over a period of 15 years.

The project is part of an existing partnership between Ncondezi Energy and GridX Africa signed in October 2019. The agreement provided for the supply of small solar power plants with storage systems to businesses in several African countries.