Kibo Mining - MOU Mbeya Cement
KIBO
Fri, 21 Apr 2017, 11:00am BST
Kibo Energy PLC is a multi-asset, Africa – focused energy company positioned to address the acute power deficit that currently significantly impedes economic growth in Sub-Saharan Africa.
Kibo is developing three thermal power projects: the Mbeya Coal to Power Project in Tanzania; the Mabesekwa Coal Independent Power Project in Botswana; and the Benga Independent Power Project in Mozambique. By developing these projects in parallel the Company intends to leverage considerable economies of scale and timing as well as utilising its existing stakeholder relationships – technical, financial and governmental – to efficiently expedite project development.
Industry: Basic Materials
Contact: +35391865367
Galway The Sirius Centre, Northpoint, Tuam Road,uk
http://kibo.energy
Louis Coetzee, CEO, provides an update on the MCPP and the signing of a strategic Memorandum of Understanding with Mbeya Cement. This MOU constitutes Kibo's very first step towards implementation of the broader MCPP regional and local development objectives; their first commercial diversification opportunity in as far as coal supply agreements are concerned, other than to the Mbeya Power Plant. It also marks the first direct electricity supply agreement opportunity outside commitments within the PPA.
