logo-loader
viewKibo Energy PLC

Kibo Energy not dependent on one project - Coetzee

Louis Coetzee, CEO of Kibo Energy PLC (LON:KIBO), has reassured investors that TANESCO's unexpected decision not to buy any electricity from its Mbeya Coal to Power project will not change the company's strategy.

Coetzee told Proactive London the company has a strong diversified portfolio and is "not dependent on one project."  Kibo has additional assets in Botswana, Mozambique and the UK where it has undertaken development and 'heavy lifting' across several energy initiatives.

Although the company does not have the opportunity to have a single offtaker for the power project in Tanzania, Coetzee is emphatic "all the assets are the same. They are still in place. We're still working on them and we are still moving forward."

Quick facts: Kibo Energy PLC

Price: 0.418 GBX

LSE:KIBO
Market: LSE
Market Cap: £5.21 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Kibo Energy PLC named herein, including the promotion by the Company of Kibo Energy PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Block Energy signs sales agreement for its West Rustavi gas

Headlines from the Proactive UK newsroom. Block Energy (LON:BLOE) has signed a sales agreement with one of the largest private gas suppliers and purchasers in Georgia. Bago will purchase gas produced from the West Rustavi field at a price of US$5.24 per thousand cubic feet. Kibo Energy...

2 weeks, 5 days ago

2 min read