Ncondezi Energy appoint Hanno Pengilly as group's Chief Executive Officer
Francesca Morgan
Company News - 2 mins
09:33, 9th October 2019

Power development company, Ncondezi Energy Limited (NCCL) FOLLOW, announced on Wednesday the appointment of Hanno Pengilly as a Director and Chief Executive Officer of the firm. 

Having gained considerable expertise within the power and mine sector over the past 10 years, Mr Hanno has managed key project milestones as the company’s Chief Development Officer since his appointment in 2012. 

Hanno, who originally joined the firm in 2010, has lent his capabilities across his time at Ncondezi, including leading key negotiations with the Mozambique government and state power utility Electricidade de Moçambique.

He has also taken part in delivering power plant and mine feasibility studies in 2013 and 2014, as well as leading the company’s strategic partner process which, as a result, led to the signing of a binding Joint Development Agreement in July this year.

Ncondezi Non-Executive Chairman, Michael Haworth described Hanno’s appointment as “an important milestone”, corroborating confidence in the firm’s future prospects. 

He stated: "The appointment outlines Hanno's commitment to the Company and comes at an important time following the signing of the JDA and as the Board implements its strategy to finalise the power tariff submission to EDM and move the Ncondezi Project forward."

Mr Pengilly acknowledged that his role as CEO represents a huge opportunity to address the growing alternative energy market in Africa, where development in the sector marks “an important time” for a country where energy growth is considered an integral catalyst for economic development. 

Commenting on the firm’s efforts within this nascent market, he stated, “Ncondezi is uniquely positioned to take advantage of baseload power generation development in Mozambique at an important time for the country. 

The Company's 300MW Ncondezi Project is one of the most advanced baseload power plant projects in Southern Africa with market leading co-development partners. Additionally, it is clear that a significant opportunity exists to provide off grid solutions in Africa. 

To this end, Ncondezi's developing position in the African captive solar and battery storage sector through the proposed Joint Venture with GridX Africa Development, offers a strategic approach to a new growth market.”

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