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Investegate announcements from Kibo Energy PLC, Settlement Shares Sale

Katoro Gold shines as diamond drilling begins at Tanzanian project | Financial News

12 April 2021 | 13:12pm StockMarketWire.com - Kibo Energy has provided a progress update on the Benga Power Plant Project in Mozambique after a successful meeting with Mozambique Utility Electricidade De Moçambique (EDM) in Maputo, Mozambique. The Africa focused, energy company reported they held a successful technical and business workshop with EDM to negotiate and agree next steps in the process towards the ultimate agreement and finalisation of a PPA. Kibo also formally submitted an optimised version of the Feasibility Study and related work progress reports, which amongst others also inc...

22 December 2020 | 14:29pm StockMarketWire.com - Kibo Energy said it has agreed with Vale Mozambique SA to supply coal to the Benga power plant project in Mozambique. The companies have entered into an agreement that will meet the full operational coal requirement of a 150 megawatt coal fired power plant. Kibo said Lesedi Nuclear Services has completed its feasibility study of the Benga project, which will be delivered to Kibo in early January 2021. Louis Coetzee, chief executive of Kibo Energy, said: ‘We are extremely pleased with the progress on the Benga project, as the technical work i...

17 December 2020 | 09:49am StockMarketWire.com - Kibo Energy said it had submitted the draft power purchase agreement and was in talks on power requirements for the first phase of the Baobab Tete steel project. Draft agreement for the supply of 200MW power from the Benga power station to the Baobab Tete steel project was submitted and currently in progress. Discussions were ongoing on auxiliary power requirements for the first phase of a 250,000 tpa steel rolling mill of the steel project, on a build, own and operate basis, the company said. 'The potential addition of auxiliary power for the...