Mozambique coal scheme stalled

AIM-listed Ncondezi Energy has suspended talks with Shanghai Electric Power (SEP) on its 300MW coal-to-power scheme in Tete province, saying the Chinese company had not come up with funding for the project. The companies signed a joint development agreement in January 2016 for SEP to invest up to $25.5m for a 60% stake in the project. Ncondezi said it would now talk to other potential partners that had expressed interest.