Company
Kibo Energy PLC
LON:KIBO
Kibo is listed on the AIM market in London and the AltX in Johannesburg. The Company is focused on the development of three thermal coal power projects in Mozambique, Botswana and Tanzania, which all share stable operating environments as well as an acute need for consistent power. Additionally, it is building a portfolio of flexible energy projects in the UK through its 60% owned subsidiary, Mast Energy Developments Limited (“MED”). This has given Kibo an entry to the UK Reserve Power market; in time it plans to introduce the Reserve Power market model to its operations in Africa. 65% interest in Benga Independent Power Project – Joint Venture with Mozambique energy company Termoeléctrica de Benga S.A. to participate in the further assessment and potential development of Benga including the right to construct and operate a 150-300 MW coal-fired power station. This project currently holds a suite of authorisations and agreements in addition to lease title over land on which a coal-fired power station may be built near various thermal coal producers which could be a source of feedstock. 85% interest in Mabesekwa Coal Independent Power Project in Botswana – currently at feasibility stage – a completed Mining Scoping Study highlighted a 30-year Life of Mine with a Power Pre–Feasibility Study indicating maximum power capacity of 600 MW based on a coal delivery rate of 3.2 Mt p/a. 60% interest in Mast Energy Development (MED) – a private UK registered company targeting the development and operation of flexible power plants to service the Reserve Power generation market. 100% interest in the integrated Mbeya Coal to Power Project consisting of a planned 1.5Mt p/a mining coal operation and a co-located, mine-mouth coal fired 300MW power station in southern Tanzania, which is strategically located close to potential offtake partners and the export market.
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Kibo Energy plans to spin off renewable/clean energy generation projects
The company said it hopes the new company, Ultimate Sustainable Energy Ltd (USE), will be listed on AIM with funds from the IPO used to fund the development of renewable/clean energy generation projects
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The multi-asset energy development company, notes that its 55% subsidiary, MAST Energy Developments PLC today announced that Close Leasing Ltd, a subsidiary of Close Brothers Group plc have offered facilities to MAST to fund the development
Kibo Energy advances funding deal for EQTEC's UK energy project
Rapid progress has been made towards Kibo joining EQTEC in the project as a strategic investor
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Kibo Energy to dispose coal-based power projects as it refocuses on renewables opportunities
The company recently launched a review to explore the best ways to extract the substantial value it has created in coal-fuelled projects
Kibo Energy secures deal with Balance Power to build pipeline of power plant sites
The company said that its UK subsidiary, MAST, is currently on track to roll out its initial 100MW reserve power portfolio
Kibo Energy boasts "excellent headway" on UK gas power plant
Kibo Energy updated shareholders on further progress at the site, saying it had agreed the site work scope, as well as an advanced engineering, procurement, and construction solution (EPC), and a financing agreement
Kibo Energy passes first stage in restructuring of Mabesekwa project in Botswana
Local group Shumba Energy is Kibo’s partner on the projects in Botswana.
Kibo Energy focused on four key power projects
'We have four key projects which we are developing in parallel'
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This week, the European Commission announced that the UK capacity market was compatible with EU state aid rules
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An explanation by Kibo Energy of the Mabesekwa Coal reorganisation
A summary of an interview between Proactive Investors' interview and Kibo CEO Louis Coetzee
KIbo Energy sees prospects underpinned by structural power shortage
“Our four projects are directly positioned to address major energy issues in Africa and closer to home in the UK,”
Kibo Energy shuffles its deck of coal projects in Botswana
"This reorganization enables us to more fully leverage and de-risk the MCIPP Resource by pursuing three different potential revenue streams"
Kibo Energy provides strategy overview in comprehensive Q&A
Below is the full text of a comprehensive discussion of the company's operations and plans
Kibo Energy secures water rights for Mbeya power project
Water rights ensure the project’s environmental impact assessment certification remains valid and gives the power station the right to use large quantities of water
Kibo Energy’s Mbeya Coal to Power project “rapidly gaining momentum”
The company has now made all the required payments to the Tanzanian Ministry of Minerals related to the final processing and issuance of the mining rights for Mbeya
Kibo Energy inks key preliminary deals with Vale to advance Benga power project
The agreements with Vale show the 'urgent need and fast-growing demand' for power in the region.
Kibo Energy receives mining rights for Mbeya, signals green light for development
It constitutes approval and grant of the mining license applications, subject to payments.
SVS goes bust, ceases to be broker to Kibo, Katoro, Sunrise
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Kibo Energy inks collaboration with STEAG
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Kibo Energy surges as application for Mbeya mining licence converted for “more efficient” approach
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Kibo Energy’s MAST Energy subsidiary finalises 5-year PPA at Bordersley power project
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Kibo Energy inks collaboration for renewable energy storage
"The inclusion of renewable energy into power station designs allows for higher availability figures from a technical point of view and provides better fundability options,” Louis Coetzee said.
Kibo Energy results highlight ‘transformational’ progress
“2018 was transformational for the company as we reoriented our business and implemented our strategy to be a global energy developer with multiple power projects focused primarily on Africa,” Christian Schaffalitzky said.
Kibo lifted as subsidiary MAST Energy completes acquisition of Bordersley Power site
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Kibo Energy says base case model demonstrates economic robustness and viability of Benga Power Plant
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Kibo Energy surges as UK subsidiary agrees to acquire 5MW gas-fuelled power plant
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Kibo Energy says Benga power plant project is advancing ahead of schedule
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Kibo Energy gets greenlight to develop Mbeya for export market
Kibo said the project continues to have significant economic and strategic importance for the company, Tanzania and the region
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Kibo Energy appoints corporate finance adviser to look into an up to US900mln project finance corporate credit line facility
The group said the facility could form part of a broader funding package for the construction and commissioning of Kibo's African energy projects as they approach a final investment decision
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Kibo Energy explains rationale behind recent Sanderson transaction
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Kibo Energy has renewed and expanded its Memorandum of Understanding with Electricidade de Mocambique
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Kibo extends deadline for signing SEPCO III strategic development agreement to March
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Kibo Energy gets request to extend deadline for Chinese funding
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