Proactive Investors - Run By Investors For Investors

Kibo Energy makes progress on power stations in UK and Mozambique

UK reserve power subsidiary MAST is negotiating development agreements at two gas-fired sites
Benga's DFS is well ahead of schdule

Kibo Energy PLC (LON:KIBO) has reported good progress at electricity-generating projects in both the UK and Mozambique.

UK reserve power subsidiary MAST is negotiating development agreements at two gas-fired sites that will come on stream at the end of this year and early next and sell into the UK grid.

READ: Kibo’s Louis Coetzee updates shareholders on recent progress across portfolio of energy projects

Rights for a third site have been extended until March.

In Mozambique, the definitive feasibility for the Benga coal-fired power station is well ahead of schedule, Kibo added, with the priority now to sign agreements with coal suppliers and electricity buyers.

Louis Coetzee, chief executive, added he was delighted with the rapid progress being made at Benga, which will help alleviate the critical energy shortages in Mozambique.

Kibo owns 65% of the 150-300Mw coal-fired power Benga development with local power group Termoeléctrica its partner.

View full KIBO profile View Profile

Kibo Energy PLC Timeline

Related Articles

Past drilling at Seko target at Dandoko project where follow-up drilling is taking place this field season
March 25 2019
A $5 million ongoing drilling program has been delivering results since November.
April 29 2019
Kore Potash has completed a definitive feasibility study on the Kola project
Hayes Creek and Burnside projects in the NT
February 06 2019
The Northern Territory is PNX’s focus as exploration efforts move indoors during the wet season.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use