Ncondezi Energy appoints Hanno Pengilly to its Board of Directors as CEO

– UK, London –  Ncondezi Energy Limited (LON: NCCL) today announced the appointment of Hanno Pengilly as a Director of the Company and its new CEO.

“Hanno’s appointment to the Board as CEO is an important milestone in providing confidence for the Company’s future. 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,” said Ncondezi Non-Executive Chairman, Michael Haworth.

About Hanno Pengilly

Hanno has considerable knowledge in the power and mine sectors on the back of his experience in the business over the last 10 years. Hanno joined the Company in 2010 and has been its Chief Development Officer since May 2012. Hanno has been responsible for managing key project milestones including the delivery of the power plant and mine feasibility studies in 2013 and 2014. Since May 2017, Hanno has led the Company’s strategic partner process, which successfully resulted in the signing of a binding Joint Development Agreement in July 2019, and led the Company in key negotiations with the Mozambique government and state power utility Electricidade de Moçambique.

Newly appointed CEO, Hanno Pengilly said: “Energy growth is critically important for Africa as a key catalyst for economic development. Ncondezi is uniquely positioned to take advantage of baseload power generation development in Mozambique at an important time for the country. I’m excited to be stepping into the role of CEO which represents a great opportunity to lead the Company and create value for shareholders. 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. I look forward to meeting investors in my new position as CEO and am confident that we have the right team to complete our objectives and achieve meaningful results”, he added.

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