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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 PLC -
Mbeya is located in southwest Tanzania

Kibo Energy PLC (LON:KIBO) has renewed the water rights for its planned Mbeya coal power (MCCP) project in Tanzania.

Water rights ensure the project’s environmental impact assessment (EIA) certification remains valid and gives the power station the right to use large quantities of water.

Earlier in the month, Kibo made the required statutory payments to the authorities for Mbeya’s coal mining rights, which were approved and granted last month. 

Kibo chief executive Louis Coetzee was very encouraged by the overall progress being made at MCCP. 

“The renewal of the water permits, so soon after the recent approval and processing of seven mining rights for the project, further confirms my confidence in its potential and I look forward to updating shareholders as we continue to successfully advance its development,” he said.

Quick facts: Kibo Energy PLC

Price: 0.3 GBX

LSE:KIBO
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Market Cap: £3.77 m
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