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Kibo Energy says permanent water permits for Mbeya Coal to Power Project have been provisionally approved

Kibo said permanent water permits will be issued following completion of the construction and implementation of all necessary water infrastructure that will be required to meet the water needs of the Mbeya Power Plant and Mbeya Coal Mine
Kibo power project
Louis Coetzee, CEO of Kibo Energy, commented: “We are very pleased with the progress over the past weeks and specifically encouraged by the latest media statements, indicating clear support for Independent Power Producers"

Kibo Energy PLC (LON:KIBO) has said its recent application to secure water permits for the Mbeya Coal to Power Project has been provisionally approved by the Lake Rukwa Water Basin Board.

The multi-asset, Africa-focused, energy company said permanent water permits will be issued following completion of the construction and implementation of all necessary water infrastructure that will be required to meet the water needs of the Mbeya Power Plant and Mbeya Coal Mine.

READ: Kibo eyes revenue streams as it lines up investment in UK power project company

It added that the application was made to permit the operation of numerous water boreholes which are integral to the Mbeya Coal Mine's dewatering plan and the provisional approval of these water permits is an integral part of the water supply strategy for the Mbeya Power Station

Separately the company has also announced that it has completed the process of additional submissions related to the local content plan and integrity pledge and the Mining Commission is now in receipt of a Special Mining License Application for the Mbeya Coal mine that is fully compliant with the latest statutory requirements, as announced in July 2018.

Louis Coetzee, CEO of Kibo Energy, commented: "Kibo is currently involved in a myriad of activities related to the finalization of the MCPP PPA and subsequent funding and financial close processes.

“We are very pleased with the progress over the past weeks and specifically encouraged by the latest media statements, indicating clear support for Independent Power Producers (IPP) from the Ministry of Energy and also a distinct sense of urgency to get existing IPP's like the MCPP implemented." 

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