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Ncondezi Energy CEO Paul Venter to step down

Staff writer |
London, United Kingdom - Ncondezi Energy Limited, a power generation company, announced that Paul Venter has decided to step down as chief executive officer and executive director.

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Mr. Venter was appointed CEO in April 2013.

He joined Ncondezi as COO in June 2012 and has been responsible for delivering the Company’s power strategy.

He has more than 39 years of experience across Africa, Mongolia, China and Russia in the mining, power generation and transport industries.

During his recent tenure as Vice President - Energy Operations at Prophecy Coal Corp, Mr. Venter was instrumental in the successful commissioning of the Ulaan Ovoo coal mine in Mongolia into production within six months after the acquisition of the asset.

He also played a pivotal role in the development phases of the first coal fired Independent Power Producer in Mongolia.

Prior to this, Mr. Venter held a number of senior positions within the coal industry, including Managing Director of EN+ Group’s coal mining activities in Russia and senior executive positions in the coal divisions of Eskom, Gencor and Anglo American in South Africa.

The company also says that Aman Sachdeva has been appointed as a new Non-Executive Director of Ncondezi acting as AFC's nominated director. AFC holds 22% shares in Ncondezi.

Mr. Sachdeva spent more than 20 years in the infrastructure industry, specializing in the energy sector; ranging from project finance, management consulting, regulatory affairs, mergers and acquisitions, power system planning, energy conservation and marketing.

Mr. Sachdeva is currently the founder and CEO of Synergy Consulting, an independent consulting practice.

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