Ncondezi Energy Limited provided an update on the integrated Ncondezi 300MW coal fired power project and coal mine in Tete, Mozambique (the "Project"). Highlights: Positive tariff negotiations continue; The next step is receipt of formal feedback from Electricidade de Moçambique ("EDM") and the Government of Mozambique following submission of agreed studies in December 2020; China Machinary Engineering Corp. ("CMEC") has reiterated its support for Project.