Kibo Energy PLC Update on MCPP in Tanzania (8182J)
December 07 2018 - 4:20AM
UK Regulatory
TIDMKIBO
RNS Number : 8182J
Kibo Energy PLC
07 December 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 December 2018
Kibo Energy PLC ('Kibo' or the 'Company')
Update on MCPP in Tanzania
Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset,
Africa focused, energy company, has today resubmitted the tender
qualification document to the Tanzania Electricity Supply Company
("TANESCO") with regards to the Mbeya Coal to Power Project
("MCPP"). (NOTE: Also see RNS dated 07 November 2018)
Louis Coetzee, CEO of Kibo, said, "Given that much of the
information within this 535-page document had already been
generated, we just needed to ensure that its collation complied
with TANESCO's revised November 2018 requirements. With this now
complete and having recently been recommended for grant of a
Special Mining Licence from the Mining Commission of Tanzania, we
remain hopeful that 2019 will see the swift advancement of the MCPP
in tandem with our two other utility scale projects in Botswana and
Mozambique."
**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 December 2018
Corporate and Designated Adviser
River Group
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END
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