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British company Ncondezi Energy in March presented a proposal to sell electricity to Mozambican state power company Electricidade de Moçambique, the company said in a statement published on its website.
In the same document the company said that it had also presented the energy Ministry with a concession contract proposal for construction of a 300-megawatt coal-fired power station in Tete province.
Adding that the negotiation process for the two proposals was already underway, Ncondezi Energy said it estimated that everything would be concluded by the end of the second quarter.
The name of the company that has presented the most interesting proposal for construction of the power plant, out of the four that have put forward proposals for the turn-key project, is due to be announced in the third quarter.
In its statement Ncondezi Energy said it was in talks with potential partners interested in jointly carrying out the project in Tete, “which are progressing well,” but also said that it had enough cash on its own – US$5.9 million – to complete the current phase of he project.