Kibo Energy PLC Completion of Second School Support Project (8903W)
August 06 2018 - 1:02AM
UK Regulatory
TIDMKIBO
RNS Number : 8903W
Kibo Energy PLC
06 August 2018
Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
("Kibo" or "the Company")
Dated: 6 August 2018
Kibo Energy PLC ('Kibo' or the 'Company')
Completion of Second School Support Project
Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset,
Africa focused, energy company, is pleased to announce that it has
completed the second phase of the school building and upgrade
programme at the villages of Mheza and Namkukwe. The project is
part of an ongoing programme between Kibo and the towns of Mheza
and Namkukwe, located directly North East of the Mbeya Coal to
Power Project ("MCPP") in the Songwe Region in South Western
Tanzania, to extend and refurbish the local schools in the
respective towns. The first phase of the project, consisting of
building two new classrooms, was completed and officially opened on
3 March 2017 as reported by RNS on 6 March 2017.
In the second phase of the project, Kibo committed to completely
rebuilding a school facility in Mheza, after a rainstorm destroyed
a school building containing two classrooms and teachers' offices.
Concurrently, a new classroom was added to the neighboring Namkukwe
school. The construction work was jointly undertaken by Kibo and
the villagers of Mheza and Namkukwe.
Completion of the two phases has so far added a total of five
new classrooms and one teacher's facility to the two schools.
Louis Coetzee, CEO of Kibo Energy, said: "Mheza and Namkukwe are
very close to our hearts - Kibo's home has been in Tanzania for
many years now and we are pleased that we can work with the local
communities furthering ongoing development and improvement in the
local region.
"It is our hope that the MCPP will provide many direct and
indirect job opportunities in the region during its construction
and later during production. We'll be operating in the region for
years to come and are very much committed to the development of
high quality education infrastructure in order to strengthen both
regional and national development."
**ENDS**
For further information please visit www.kibomining.com or
contact:
Louis Coetzee info@kibomining.com Kibo Energy PLC Chief Executive
Officer
Andreas Lianos +27 (0) 83 4408365 River Group Corporate and Designated
Adviser on JSE
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Ben Tadd / Tom +44 (0) 20 3700 SVS Securities Joint Broker
Curran 0093 Limited
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Jon Belliss +44 (0) 20 7399 Novum Securities Joint Broker
9400 Ltd
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Andrew Thomson +61 8 9480 2500 RFC Ambrian Limited NOMAD on AIM
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Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media
/ Priit Piip 1177 Ltd Relations Adviser
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Notes to editors
Kibo Energy PLC is a multi-asset, Africa focussed, energy
company positioned to address the acute power deficit, which is one
of the primary impediments to economic development in Sub-Saharan
Africa. To this end, it is the Company's objective to become a
leading independent power producer in the region.
Kibo is simultaneously developing three similar coal-fuelled
power projects: the Mbeya Coal to Power Project ('MCPP') in
Tanzania; the Mabesekwa Coal Independent Power Project ('MCIPP') in
Botswana; and the Benga Independent Power Project ('BIPP') in
Mozambique. By developing these projects in parallel, the Company
intends to leverage considerable economies of scale and timing in
respect of strategic partnerships, procurement, equipment, human
capital, execution capability / capacity and project finance.
Additionally, the Company will benefit from its robust and
experienced international blue-chip partnership network across its
project portfolio, which includes: SEPCO III (China), General
Electric (USA); Tractebel Engineering (Belgium); Minxcon Consulting
(South Africa); ABSA / Barclays Africa); and Hogan Lovells
International LLP.
Johannesburg
6 August 2018
Corporate and Designated Adviser
River Group
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END
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