Kibo Energy #KIBO – Secures £1 Million Funding Facility June 25, 2020 – Posted in: Kibo Energy (KIBO), Uncategorized

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to provide a corporate and operational update and to announce that it has signed a binding term sheet with an investment consortium consisting of several high net worth entities and individuals, including two of the Company’s largest shareholders, for up to £1,000,000. OVERVIEW · £1 million term sheet signed to continue development of diverse energy project portfolio comprising 1255 MW generation capacity approaching commercialisation…

Kibo Energy #KIBO – Mast Energy Developments & Bordersley Update – RNS May 26, 2020 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC (‘Kibo’ or the ‘Company’) Mast Energy Developments & Bordersley Update Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to provide an update on its subsidiaries, Bordersley Power Ltd (‘Bordersley’) and Mast Energy Developments Ltd (‘MED’). The Bordersley 5 MW gas-fuelled power generation plant in the UK is currently being developed for Kibo by the Company’s 60% owned subsidiary, manager and operator of Bordersley, MED. Overview * Further to the most recent update regarding…

Kibo Energy #KIBO – Binding Term Sheet to Supply 200MW Energy to Baobab Resources in Mozambique May 18, 2020 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC (‘Kibo’ or the ‘Company’), the multi-asset, Africa focused, energy company is pleased to announce that it has signed a binding term sheet (the ‘Agreement’) with Baobab Resources Ltd (‘Baobab’) to supply c. 200MW energy to its Tete Steel and Vanadium Project (‘TSV Project’) in Mozambique. Highlights · Baobab to exclusively deal and negotiate with Kibo regarding entering into a Power Purchase Agreement (‘PPA’) to supply c. 200MW energy to its TSV…

Kibo Energy #KIBO – Increase of Land Title Area and New MoU signed at Benga Power Plant Project May 11, 2020 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC (‘Kibo’ or the ‘Company’), the multi-asset, Africa focused, energy company is pleased to announce that it has successfully acquired additional land contiguous to the Benga Power Plant Project (‘Benga’ or ‘the Project’) in the Tete province of Mozambique, increasing the total project area with an additional 345 hectares. Alongside hosting a 150-300MW thermal power plant, which is being developed as part of a joint-venture agreement with local energy company Termoeléctrica de Benga…

Kibo Energy #KIBO – Letter to Shareholders April 8, 2020 – Posted in: Kibo Energy (KIBO)

Dear Shareholder, As mentioned in the RNS dated 24 March, we continue to work with all our stakeholders, albeit remotely, during this unprecedented time to advance our portfolio of assets. However, the global fight against COVID-19 is undoubtably creating a changing landscape and the lasting implications of this are as yet unknown. Certainly, the need to achieve universal electricity access has not changed and is essential; it is arguably more critical now than ever before…

Kibo Energy #KIBO – Corporate Update March 24, 2020 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, announces a corporate update in response to the COVID-19 pandemic (‘the pandemic’). Kibo places the safety and wellbeing of its employees and contractors as the highest priority. Accordingly, in response to the outbreak of the pandemic, which it has been monitoring closely, a business continuity programme has been put in place to protect employees while ensuring the safe operation of the Company. This has resulted in…

Kibo Energy #KIBO – Mast Energy Developments & Bordersley Update March 17, 2020 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to provide an update on its subsidiaries, Bordersley Power Ltd (‘Bordersley’) and Mast Energy Developments Ltd (“MED”). The Bordersley 5 MW gas-fuelled power generation plant in the UK is currently being developed for Kibo by the Company’s 60% owned subsidiary, manager and operator of Bordersley, MED. Overview In light of the recent coronavirus outbreak, MED’s joint development partner, AB Impianti S.R.L (‘AB’), who are…

Kibo Energy #KIBO – Change of Auditors March 4, 2020 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, announces that it has appointed Crowe Ireland as its new statutory external auditors of the Company with immediate effect. Crowe Ireland is replacing Crowe UK LLP (“Crowe UK”) who has served as company auditors since 2018. Crowe Ireland and Crowe UK are both member firms of the Crowe International network of firms. Crowe UK resigned as the statutory external auditor of the Company following the exit of…

Kibo Energy #KIBO – Letter to Shareholders February 4, 2020 – Posted in: Kibo Energy (KIBO)

Letter to Shareholders Dear Shareholder, Since 2018, we have worked hard to reposition the business as an energy company and to this end we have built a solid portfolio of four major projects. However, as this portfolio has evolved and new technologies have advanced, so too has our strategy. I have touched on this several times in past correspondence, but increasingly, we have recognised the importance of sustainability to create positive environmental and social impacts. …

Kibo Energy #KIBO – African Union to Roll-Out Continent-Wide Electricity Market Masterplan December 23, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Mining plc (AIM: KIBO; AltX: KBO), the multi-asset Tanzania focused energy and resource company, notes recent press comment confirming that the African Union is to roll-out a continent-wide electricity market masterplan (‘the Masterplan’). See below extracts from the commentary. The African Development Bank (‘the Bank’) and the African Union Development Agency (‘AUDA-NEPAD’) have agreed to jointly develop a blueprint for a pan-continental electricity network and market. The agreement to set up a Continental Power…