Ncondezi Energy delays planned 300MW coal plant in Mozambique

first_imgNcondezi Energy delays planned 300MW coal plant in Mozambique FacebookTwitterLinkedInEmailPrint分享Platts:Progress on the development of Ncondezi Energy’s flagship 300 MW coal-fired power project and coal mine in Tete, Mozambique, has been delayed, the African power developer said.The delay came after discussions with state power company Electricidade de Mocambique (EDM) indicated that available technical and market assumptions for a tariff agreement, which were initially submitted March 31, were out of date.The company said an updated transmission integration study and Mozambican power market outlook study had been commissioned, and were targeted for completion in the third quarter of 2020. Allowing for the completion of those independent studies, Ncondezi said the tariff agreement was now expected to be finalized in the second half of the year.“Based on this, the company has submitted an updated work program to EDM for review and will provide a more detailed timetable update to investors at the appropriate time,” Ncondezi Energy said.“Since the submission of a formal tariff offer earlier this year, the company has worked closely with EDM to discuss and agree the pathway to progress the project,” said CEO Hanno Pengilly. “With EDM’s guidance, the company has agreed to update its transmission integration study as well as conduct an independent market study for energy supply and demand forecasts in Mozambique and potential export markets.”Pengilly said the results of those studies should verify certain technical assumptions, and provide greater certainty around the business case for the project alongside the tariff proposal, facilitating negotiations on the project tariff. The results are also expected to be a key requirement from potential project lenders and investors.[Sarah Matthews]More: Ncondezi Energy delays flagship Mozambique coal power projectlast_img read more

Golden Race takes to the track with new 3D racing products

first_img StumbleUpon Share Golden Race’s virtual sports products get Swedish certification June 18, 2020 The industry wakes up to virtual sports potential June 26, 2020 PBS launches virtual sports solution for SSBTs July 7, 2020 Related Articles Submit Share Golden Race is taking orders for its new live-rendered 3D Horse Racing product, with 3D Motor Racing to be released later this year.Based on a random number generator and using live-rendering to ensure each race is unique, the horse racing product also features a professional voice-over, while the “next level customisation” is evidenced by the placement of personalised adverts around the track.The virtual sports betting solutions provider expects the horse racing and motor racing products to replicate the success of its football equivalent, which features every major competition in the world, using real odds from in-house bookmakers.Speaking at ICE London, Golden Race CEO Martin Wachter commented: “Operators and players will be galloping towards victory in 3D with our new horse racing product. This is another completely white-label ready solution, complete with fast and data friendly customisations to accommodate for both company branding and licensing requirements under any regulatory body.”The product is also part of the company’s new ‘On Demand’ service, which takes away the wait time for an event to start. At any moment, the Remote Virtual Gaming system enables the player to skip to the race visualisation or go straight to the results page.Golden Race also confirmed that it has entered the final process for obtaining a licence in the UK and Spain, to complement its existing licences in Italy, Malta and Romania.last_img read more