TIDMKIBO
RNS Number : 6213G
Kibo Energy PLC
07 November 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: 07 November 2018
Kibo Energy PLC ('Kibo' or the 'Company')
Update on MCPP in Tanzania
Kibo Energy PLC, the multi-asset, Africa focused energy company,
is pleased to note the public announcement made by TANESCO today
with regard to the resumption of the tender process as per the
Company's recent announcements dated 18 September, 19 October and
02 November 2018.
The notice "Tender Nr PA/001/2018 - 19/HQ/N/033 for
Qualification of Coal Fired Power Generation Projects, Invitation
for Qualification. (IFQ)", states amongst others the following:
"....This Invitation for Tender follows the intention of the
Government of the United Republic of Tanzania through Tanzania
Electric Supply Company Ltd (TANESCO) to competitively engage
qualified applicants to develop coal power projects with a total
capacity of 600MW at different locations within Tanzania.
TANESCO intends to procure power generation from a set of
Integrated Gasification Combined Cycle (IGCC) or superior
technology coal-based power projects with total capacity of 600 MW
between years 2018 and 2020.
TANESCO is therefore pleased to present this opportunity to
prospective developers to undertake feasibility study, finance,
build, own, operate and transfer coal power projects of a capacity
not less than 150MW and not more than 300 MW in one location.
Tendering will be conducted through International Competitive
tendering procedures specified in Regulation 119 of the Public
Procurement (Regulations- Government Notice 446 of 2013, and is
open to all Applicants as defined in the Regulations. Prospective
developers who have earlier expressed their interests to develop
coal power projects by way of concept note, MoU or any other form
and have submitted documents to TANESCO are advised to participate
in this tendering process.
Interested applicants may obtain further information from and
inspect the RFQ documents at the office of the Secretary TANESCO
Tender Board, TANESCO Head Office, Umeme Park Building, Ground
Floor, Room No. 4, Ubungo Area, along Morogoro Road, P.O. Box 9024
Dar es Salaam. Telephone: +255 222 210 267/210 264 E-mail:
sec.tenderboard@tanesco.co.tz; pmuoperations@tanesco.co.tz from
09:00hrs to 16.00hrs on Mondays to Fridays inclusive with an
exception of public holidays.
A complete set of RFQ documents in English may be purchased by
interested Applicants on the submission of a written application
with contact details to the address given under paragraph 5 above
and upon payment of a non-refundable fee of TZS 200,000.00 or
equivalent amount in freely convertible currency excluding bank
charges. ..."
....Those who purchased the bidding document will not be
required to purchase it again......
All applications submitted in one (1) original plus five (5)
copies, properly filled in, and enclosed in plain envelopes must be
delivered to the address Secretary TANESCO Tender Board, Umeme Park
Building, Morogoro Road, Ubungo Area, Ground Floor Room No. 04 P.
O. Box 9024 Dar es Salaam at or before 10:30HRS on Friday 7th
December 2018. Applications will be opened promptly thereafter in
public and in the presence of Applicants' representatives who
choose to attend in the opening at TANESCO Umeme Park Building,
Ground floor, conference
room, Ubungo Area, along Morogoro Road.
For those applicants whose tenders were opened on 19th October
2018 may choose to retain or withdraw their Tenders and resubmit as
per this advertisement.
Late applications, portion of applications, electronic
applications, and applications not received, applications not
opened and not read out in public at the tender opening ceremony
shall not be accepted.
MANAGING DIRECTOR, TANZANIA ELECTRIC SUPPLY COMPANY LIMITED"
Louis Coetzee, CEO of Kibo, said, "We are pleased that the
tender process is continuing and that it resumed so quick after the
cancellation notice. We will collect the amended RFQ documents
forthwith to ensure that the tender qualification document which we
submitted on 18 October 2019 complies with any new requirements
that might be stipulated in the latest RFQ. We are however of the
opinion that our submission will still be compliant and if any
amendments will be required that these will be of a very minor
nature. We are looking forward to a prompt conclusion of the entire
tender process.
I also wish to clarify that the process of awarding Mbeya Coal
LTD, the coal mining component of the MCPP, its Special Mining
License and the tender process discussed above, are two completely
independent processes and that they are in no way related or
interdependent of each other."
**ENDS**
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
For further information please visit www.kibo.energy or
contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer
Andreas Lianos +27 (0) 83 4408365 River Group Corporate and Designated
Adviser on JSE
------------------- ----------------------- -------------------------
Ben Tadd /Tom +44 (0) 20 3700 SVS Securities Limited Joint Broker
Curran 0093
------------------- ----------------------- -------------------------
Jason Robertson +44 (0)20 7374 First Equity Limited Joint Broker
2212
------------------- ----------------------- -------------------------
Andrew Thomson +61 8 9480 2500 RFC Ambrian Limited NOMAD on AIM
------------------- ----------------------- -------------------------
Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media
/ 1177 Ltd Relations Adviser
Gaby Jenner
------------------- ----------------------- -------------------------
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
07 November 2018
Corporate and Designated Adviser River Group
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END
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