Kibo Energy #KIBO – Shareholder Q&A Document December 18, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to release this Q&A to publicly answer questions it has received from shareholders over recent months. Can you provide an overview of Kibo’s strategy? The rationale behind Kibo’s strategy is that 620 million people in Sub-Saharan Africa currently rely on firewood, kerosene and charcoal for energy needs with the associated adverse environmental impact of using these fuel sources. With this in mind,…

Kibo Energy #KIBO – MAST Energy Developments agreement with Balance Power Projects to build pipeline of reserve power plant sites December 13, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce an update on its 60% owned subsidiary, MAST Energy Developments Limited (‘MED’), a private UK registered company targeting the development and operation of flexible power plants to service the UK reserve power generation market. Overview · Agreement with Balance Power Projects Development Ltd to build pipeline of shovel ready reserve power plant sites · MED on track to roll-out an initial portfolio of 100…

Kibo Energy #KIBO – Good progress towards de-risking Bordersley, which remains on target for commercial commissioning end Q1 2020 December 10, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce a further update with regards to its wholly owned subsidiary, Bordersley Power Ltd (‘Bordersley’), which is developing a 5 MW gas-fuelled power generation plant in the UK in cooperation with the Company’s 60% owned subsidiary, and manager and operator of Bordersley, MAST Energy Developments Limited (‘MED’). Overview · Good progress towards de-risking 5 MW gas-fuelled power generation plant, Bordersley, which remains on target…

Kibo Energy #KIBO – Update re Reorganisation of Botswana Interests December 6, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce an update regarding its agreement with Shumba Energy Ltd (‘Shumba’) that significantly repositions its interests in Botswana, namely the Mabesekwa Coal Independent Power Project (“MCIPP”) and associated coal asset (see announcement dated 25 September 2019). Overview · Signed first of a series of agreements to implement the Heads of Agreement (‘HoA’) with Shumba to reorganise the arrangements for the MCIPP and its associated…

Kibo Energy Plc (KIBO) – Bordersley Notifications of Prequalification October 31, 2019 – Posted in: Kibo Energy (KIBO)

Bordersley Project: Notifications of Prequalification Decisions for the capacity market Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce an update on its 60% owned subsidiary, MAST Energy Developments Limited (‘MED’), a private UK registered company targeting the development and operation of flexible power plants to service the UK reserve power generation market. MED is developing a portfolio of reserve power generation projects and Bordesley Power Limited (‘Bordesley’) is the first…

Kibo Energy #KIBO – MED Signs Comprehensive Joint Development Agreement for Flexible Power Portfolio October 30, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to provide an update on its 60% owned subsidiary, MAST Energy Developments Limited (‘MED’), a private UK registered company targeting the development and operation of flexible power plants to service the UK reserve power generation market. Highlights Comprehensive Joint Development Agreement (‘JDA’ or ‘the Agreement’) signed with AB Impianti S.R.L (‘AB’) a subsidiary of the AB Group, a global leader in engineering, manufacture, and…

Podcast – Alan Green talks to Louis Coetzee, CEO of AIM listed Kibo Energy (KIBO) October 11, 2019 – Posted in: Kibo Energy (KIBO)

Alan Green talks to Louis Coetzee, CEO of AIM listed Kibo Energy (KIBO). Louis discusses yesterday’s £1.5m fundraising, and explains how the funds will be used to further Kibo’s energy projects in Africa, and also the likely timelines for first revenues from the projects. Louis talks about the strong, cross board participation in the fundraising, and the stronng support shown from existing shareholders. Finally there are some key takeaway points for investors to consider.

Kibo Energy #KIBO – Placing to Raise a minimum £ 1.5 Million October 9, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce that it will be seeking to raise a minimum of GBP1,500,000 (the ‘Placing’), of which GBP1,000,000 (the ‘Underwritten Placing’) is fully underwritten by TS Capital Limited (‘Underwriter’) on behalf of TS Capital Clients, at a price of 0.45 pence per share. The proceeds from the Placing will be utilized primarily to further develop the Company’s diverse energy portfolio, on which a status…

Kibo Energy #KIBO – Seven Mining Rights Granted for Mbeya Coal to Power Project August 16, 2019 – Posted in: Blog, Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce that it has been granted seven Mining Rights for its Mbeya Coal to Power Project (‘MCPP’) in Tanzania, further to the announcement dated 9 July 2019. The Company continues to advance the MCPP in Tanzania, one of its four international power projects, which the board believes represents an exciting opportunity. Accordingly, the application process for seven Mining Licences covering the original Special Mining Licence (‘SML’) application area has been…